All the headlines from our Illinois Topic Page, ordered by recency.
Dec 3 2002 // Robert Malooly, a 30-year veteran of the insurance industry, has been selected to run Washington State’s industrial insurance system. Malooly, 54, who rose from claims adjudicator to chairman and CEO of the...
Nov 21 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court has issued an Order of Liquidation with “A Finding of Insolvency” against Oak Casualty Insurance Company.The finding, issued on...
Nov 18 2002 // The Illinois’ Appellate Court has reversed a lower court ruling that allowed a plaintiff to collect on underinsured motorist coverage even though a policy option that offered the coverage had been rejected.The case,...
Nov 15 2002 // ISMIE Mutual Insurance Co., the largest medical malpractice insurer in Illinois, has decided to impose a moratorium on accepting any new business after January 1, 2003. According to a report in the Chicago Tribune ISMIE...
Nov 6 2002 // The Alliance of American Insurers announced that it will file an amicus brief with the Illinois Supreme Court today in support of State Farm’s appeal of a lower court judgment in the case of Avery vs. State Farm...
Nov 4 2002 // Federal prosecutors in Chicago have expanded their original indictment of Michael Segal, founder and CEO of Near North Insurance Brokerage Inc., charging him with looting the company of more than $20 million over a 12-year...
Oct 24 2002 // The National Association of Independent Insurers indicated that it supports a proposed privacy rule being considered by the Illinois Department of Insurance, as it will “further safeguard the personal information of...
Oct 7 2002 // The NAII strongly approved the Illinois Supreme Court’s decision to review the judgment in the case of Avery vs. State Farm, which awarded $1.2 billion in damages to the plaintiffs in a nationwide lawsuit against the...
Aug 27 2002 // Cigna Corp. denied that it has reached any settlement of a class action suit brought by Illinois doctors, who have accused the nation’s third largest health insurer of bundling payments for services. The accusation...
Aug 6 2002 // Illinois Governor Jim Ryan appointed John Polak, president /CEO of Argonaut Great Central Insurance Company as chairman of the Illinois Dry-Cleaner Environmental Response Trust Fund for a term of three years. The fund was...
Aug 5 2002 // S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a...
Aug 5 2002 // S&P’s revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a...
Aug 5 2002 // S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding...
Jul 24 2002 // Illinois consumers filed more complaints about their insurance companies, but fewer against their HMOs, according to the 2001 consumer complaint statistics released by Illinois Director of Insurance Nat Shapo.The Illinois...
Jul 19 2002 // Standard & Poor’s has revised its financial strength rating on American Horizon Insurance Co. to ‘R’ from double-‘Bpi’ after learning that the Cook County, Ill. Circuit Court issued a...
May 10 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court issued an Order of Liquidation against Western Specialty Insurance Company of Oak Brook, Ill., on May 6, following a determination by the...
Apr 19 2002 // A bill that unanimously passed an Illinois House panel April 16 permits establishment of “no-call” lists, but enables insurance companies to continue to use marketing strategies that best suit their needs,...
Apr 11 2002 // Legislation designed to reduce the high rate of automobile accidents caused by red light violations recently passed the Illinois Senate.Senate Bill 2159 permits municipalities and counties to install red light cameras that...
Apr 9 2002 // Illinois Insurance Director Nathaniel S. Shapo has obtained a conservation order against Legion Indemnity Company. The conservation of Legion was precipitated by rehabilitation orders entered in the state of Pennsylvania...
Mar 19 2002 // Illinois Insurance Director Nathaniel Shapo announced that he obtained an Order of Conservation against Gallant and Valor Insurance Companies on Feb. 25, following the Department of Insurance’s determination that...