Illinois News

Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes

Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, intends to use its management’s knowledge …

Closely-Watched Oklahoma Pollution Suit Against Big Poultry Goes to Trial

David Overbey is no scientist, but he says a person doesn’t have to be to see how much the Illinois River has improved in recent years. Overbey, a 67-year-old retired laborer who spends his days fishing the river in the …

Lawmakers Push for National Arson Registry

The deadly fire at Angeles National Forest is renewing a push from California lawmakers for a national registry of convicted arsonists. Democratic Sens. Barbara Boxer and Dianne Feinstein filed legislation last Thursday that would establish the registry. It complements a …

What to Know About Red Flags, Notification Laws and the Hi Tech Act

Data breaches have hit an all time high and with that have been a dramatic increase in new data security and privacy laws and regulations. Both state and federal regulations have been in place for several years with regards to …

Passing the Halfway Mark

By the time this issue of Insurance Journal reaches your desk, we will be well over halfway through hurricane season for 2009. Though it’s too early to breathe a sigh of relief β€” hurricane Rita struck Southeast Texas/Southwest Louisiana in …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Employers Must Keep Company Picnics and Team-Building Activities Voluntary

When Fun ‘n Games at Work Take a Bad Turn Phyllis Young and her co-worker and friend, Sarah Bales, won the hula-hoop contest and the balloon toss, making them the favorites to also win the three-legged sack race. Young and …

Illinois Agent Fined $100K for Allegedly Stealing Premiums

The Illinois Department of Insurance as revoked the license of an agent and his agency, and fined him $100,000 for keeping his clients’ payments and committing several other frauds. Investigators say Earl D. Bertsche, principal of Bertsche and Berry in …

Potential Hurricane Insurance Losses Added to Florida’s Long-Range Deficit Projections

A House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook. The new changes could dwarf potential budget deficits that the outlook anticipates in each of the …