All the headlines from our Illinois Topic Page, ordered by recency.
Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...
Jun 6 2001 // As the 2001 Illinois General Assembly session comes to a close, the insurance industry awaits Governor Ryan’s signature on bills addressing producer licensing and the State insurance guaranty fund. The National...
Jun 1 2001 // A bill that clarifies insurers’ use of consumer credit reports in underwriting has passed the Illinois General Assembly and is expected to be signed by the Governor. The American Insurance Association (AIA) worked...
Apr 11 2001 // The Illinois Supreme Court has denied Alpine Insurance Company’s petition for leave to appeal a Cook County Circuit Court liquidation order entered on June 28, 2000. The Supreme Court decision was rendered on April...
Apr 9 2001 // Last week, an Illinois state Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against State Farm Mutual Automobile Insurance Co. The court, in its affirmation of the trial...
Mar 28 2001 // Illinois Environmental Services Workers Comp Trust Liquidated The Circuit Court of Cook County, Ill. has granted Illinois Insurance Director Nat Shapo’s petition to place the Illinois Environmental Services Workers...
Mar 7 2001 // A federal jury convicted on Tuesday an Illinois man of mail fraud and arson for destroying three houses and killing his first wife to collect more than $900,000 in insurance. According to government testimony, John Veysey...
Feb 28 2001 // Illinois Governor George H. Ryan proposed a Fiscal Year 2002 budget of $33.6 million for the Illinois Department of Insurance including programs that protect consumers. Less than 1.5 percent of the total amount proposed...
Feb 26 2001 // At its meeting on Nov. 30, 2000, the Board of Directors of the Professional Independent Insurance Agents of Illinois voted to disaffiliate with the National Association of Professional Insurance Agents, pending...
Jan 25 2001 // Illinois Insurance Director Nat Shapo received approval this week to place the Back of the Yards Neighborhood Council Risk Management Association Workers Compensation Trust into liquidation. The company, referred to as...
Dec 15 2000 // An Aurora, Ill., businessman was sentenced Wednesday to six years in prison for fraudulently claiming everything from a flood to lightning damage to his homes and businesses. According to a Chicago Tribune report, James...
Nov 20 2000 // The Illinois Insurance Fraud Task Force has unveiled recommendations to create more detailed reporting requirements and a whistle blower statute to combat organized insurance fraud in Illinois.Director of Insurance Nat...
Nov 16 2000 // Agora Syndicate Inc., a member of the INEX Insurance Exchange (formerly known as the Illinois Insurance Exchange) was placed under an order of liquidation on Nov. 15. The Cook County Circuit Court granted Illinois...
Nov 7 2000 // Illinois Electrical Workers’ Compensation Association Inc. was placed under an order of liquidation on Nov. 4. The Circuit Court of Cook County granted Illinois Insurance Director Nathaniel S. Shapo’s petition...
Nov 1 2000 // An Illinois judge ruled in favor of the Kennedy family in its legal battle against Metropolitan Life Insurance Co. on Oct. 30. The Kennedy family contended that Met Life had acted in bad faith by demanding a penalty for...
Nov 1 2000 // The Circuit Court of Cook County, Ill. has granted Insurance Director Nathaniel S. Shapo’s petition to place Illinois Earth Care Workers Compensation Trust into liquidation. The Illinois group workers’...
Aug 15 2000 // The Circuit Court of Cook County has granted Illinois Insurance Director Nathaniel S. Shapo’s petition for the conservation of Illinois Environmental Services Workers Compensation Trust, Inc. The Order of...
Jul 13 2000 // Consumer complaints to the Illinois Department of Insurance increased by nearly 8 percent in 1999, according to complaint information released today by Director Nathaniel S. Shapo. The Department investigated 14,867 cases...
Jun 27 2000 // Illinois Gov. George Ryan has signed a tax measure designed to repeal the sunset on last year’s insurance tax changes. The legislation will allow foreign insurer income taxes to be the lesser of the Illinois rate or...
May 19 2000 // A Wayne County judge refused Tuesday to throw out a suit against more than 30 gun manufacturers and dealers and seeking $400 million in damages. Circuit Judge Jeanne Stempien denied the motion brought by the manufacturers...