Illinois News

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. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …

Red Flags, Notification Laws and Hi Tech Act – What Does It All Mean?

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 …

Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written

Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product (GDP) …

Study: Workers’ Compensation System Failing Lower Wage Workers

Only eight percent of lower wage workers injured on the job receive workers’ compensation benefits, according to a new report. Also, lower wage workers — those earning just over $8 per hour on average — are often not paid at …

Hendricks Holding Forms American Westbrook Insurance Services

Chicago-based Hendricks Holding Company Inc. formed American Westbrook Insurance Services LLC. American Westbrook has acquired the assets of Westbrook Financial Services Inc., an employee benefits provider based in the Chicago area. American Westbrook will continue operating from its Elmhurst, Illinois, …

Foremost Insurance Expands Landlord Program in Illinois

Caledonia, Mich.-based Foremost Insurance Group has expanded its landlord program in Illinois, effective Sept. 1, 2009 Foremost said it is now positioned to write a broad spectrum of landlord and rental property customers with the coverages customers want. The enhanced …

New Paper Evaluates Current State of Insurance Regulation and Its Future

The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess the current status of insurance …

States Give ‘Thumbs Up’ to Fingerprinting Insurance Producers

Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …

$1 Billion Suit Against AIG Over Workers’ Compensation Dismissed

American International Group Inc. won dismissal of a federal lawsuit accusing the troubled insurer of fraudulently shortchanging state workers’ compensation pools out of more than $1 billion. However, Thursday’s ruling by Judge Robert Gettleman of the U.S. District Court in …

Cleanup Starts After Tornadoes, Storms Slam Midwest States

Residents began cleaning up Aug. 20 after tornadoes and severe storms slammed a large part of the Midwest, tearing the roofs from buildings and overturning vehicles. The National Weather Service in Davenport, Iowa, confirmed that a tornado touched down Aug. …