Illinois News

Court Halts Illinois Suspension of Medical Liability Insurer PLICA

A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …

Business Moves

TLLA, Crawford Claims management provider Crawford & Company has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm’s five experienced adjusters have joined Crawford’s Global Technical Services organization, Crawford announced. TLAA, established in May …

People

The National Association of Professional Surplus Lines Offices (NAPSLO) recently honored John Latham, regional president with Markel, for his contributions as an excess and surplus lines professional. He received the Charles A. McAlear/NAPSLO Industry Award at NAPSLO’s annual convention Oct. …

States Back Federal Role in Insuring Natural Catastrophes

After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue …

Business Moves

AJ Gallagher, Triad Arthur J. Gallagher & Co. acquired Triad Insurance Agency Inc., in Honolulu from The Bank of Hawaii. Terms of the transaction were not disclosed. Originally founded in 1967, Triad Insurance Agency is a managing general agent and …

Decades in the Making, NAIC Outlines Natural Catastrophe Plan

White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’ Although it may seem like the debate over the …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Commercial Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …

2009 Top Personal Lines Agencies

The following list is taken from the Insurance Journal Top 100 P/C/ Independent Insurance Agencies report published in Insurance Journal on Aug. 3. These agencies represent the leaders in total personal lines premium volume among the overall Top 100, which …

American Alternative Insurance Partners with PersonalUmbrella.com

PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …

Court Halts Illinois Suspension of Medical Liability Insurer PLICA

A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …