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Guaranty funds defeat federal effort to take top priority in insolvencies CHICAGO - The federal government's defeat in a dispute over the priority of claims against an insolvent insurer is [...]

State Farm Mutual Insurance Company was expected to file a motion last week requesting that the Illinois Supreme Court hear its appeal of a judgment that the insurer illegally installed [...]

CAMBRIDGE, Mass. - A new study identifies several major problems with Illinois' workers compensation system, though Illinois employers, workers and their attorneys say they are generally satisfied with the system. [...]

Illinois, Iowa and Nebraska have put forward an interstate receivership plan. The plan is designed to coordinate and streamline the receivership process for insurers across the three states. The interstate compact requires the establishment of an not-for-profit Interstate Insurance Receivership Commission whose members comprise insurance commissioners from the three participating states. Other Midwest states are leery of the proposal, having no prior experience with the concept.

Members of the Illinois Dept of Insurance Urban Issues Task Force discussed ways to increase the availability of insurance for inner-city dwellers. The task force agreed that public perceptions that the insurance industry conducts redlining are widespread and must be countered. The Illinois department is developing an educational program for insurers to educate them about inner-city risks. Insurers commonly assume that the inner-city market cannot be lucrative., CHICAGO--The notion that the insurance industry can't make money in the core of urban America is based more on myth than on statistical evidence, according to Illinois insurance leaders. 'Do [...]

The state of Illinois may be a popular home for some of the nation's largest property-casualty insurance companies, but it has not caught fire as a domicile for captives, despite [...]

Punitive Damages Not Insurable In Ill. An Illinois lower court joined a handful of other judiciaries last month in stripping corporations of their ability to insure against punitive damages. The [...]

Benefit Exemptions Eyed In Ill. ROSEMONT, III. - The largest business organization in Illinois plans to introduce legislation in the General Assembly that would encourage small employers to offer insured [...]

Official: Big-Claim Workers Being Dumped Into Ill. Plan In an apparent move to trim their escalating health coverage costs, small businesses in Illinois are 'dumping' employees with severe medical problems [...]

Univ. Health Plan Proposed In Illinois The private health insurance industry in Illinois would be virtually eliminated under a legislative proposal to create a tax-based, comprehensive universal health system for [...]

An Illinois lawsuit against State Farm seeking class action status for its use of consumer credit scores could spell trouble for the industry in other states, according to a representative [...]

CHICAGO - The Illinois Insurance Exchange hopes its major problems are behind it and new opportunities are ahead. 'The general perception is that the exchange is dead - and it's [...]

The Illinois Bankers Assn and the Community Bankers Assn of Illinois are supporting a bill that would remove legal barriers against state-chartered banks selling insurance. The banking groups claim that their inability to sell insurance puts them at a competitive disadvantage, since thrifts and banks in other states can already sell insurance products. They claim consumers will benefit from better service and availability, but insurance agents and carriers claim the banks would have an unfair advantage selling to loan customers., Two Illinois banking associations have launched an all-out effort to win insurance sales powers for their members. The Chicago-based Illinois Bankers Association and the Community Bankers Association of Illinois are [...]

Despite Ill. Auto Law, Business Staying Flat The estimated two million uninsured motorists in Illinois are apparently not speeding to comply with the state's new mandatory vehicle liability insurance law [...]

Ill. Banks Vow `All-Out' Fight On Ins. The Illinois banking industry will be waging an all-out effort over the next several months to breathe new life into legislation giving banks [...]

Illinois Producers Fight Bank Insurance Moves Illinois insurance agents will face increased and 'unfair' competition across all lines of insurance if a banking bill under consideration in the Illinois Legislature [...]

Unisex Auto In Ill. Would Punish Women Young women in Illinois could pay anywhere from $79 to $347 more for their automobile insurance in order to subsidize decreases for young [...]