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Insurance | Crain's Chicago Business

Details: Insurance. What Billy Goat, Purple Pig and other local eateries want from a federal court. Load More; Get our newsletters. Staying current is easy with Crain's news delivered straight to your

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Insurance | Crain's Chicago Business

Details: Insurance. Insurance. That $4 billion Zurich-MetLife deal is going forward. Insurance. Allstate steers into Progressive's lane. Health Care. Illinois Department of Insurance director stepping down.

› Verified 1 months ago

› Url: https://www.chicagobusiness.com/topic/insurance Go Now

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Health Insurance | Crain's Chicago Business

Details: The old health insurance model that's making a comeback. John Pletz On Technology. GoHealth aims to raise $750 million in IPO. Health Care. State's biggest Medicaid insurer snaps up shuttered plan

› Verified 1 months ago

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Pritzker taps Allstater to regulate insurance industry

Details: She is the first leader of the state Department of Insurance to come directly from Allstate or Bloomington-based State Farm in memory, according to insurance industry observers.

› Verified 14 days ago

› Url: https://www.chicagobusiness.com/insurance/pritzker-taps-allstater-regulate-insurance-industry Go Now

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Insurance broker Arthur J. Gallagher sues Alliant Insurance

Details: The lawsuit by Arthur J. Gallagher alleges California-based Alliant Insurance has a growth strategy predicated mainly on inducing competitors' workers to violate non-solicitation pacts.

› Verified 6 days ago

› Url: https://www.chicagobusiness.com/insurance/insurance-broker-gallagher-says-its-lost-tens-millions-rivals-poaching-campaign Go Now

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State Farm on pace to lose car-insurance crown

Details: State Farm, for decades the top dog of U.S. auto insurance, is on track to lose that status within just a few years unless trends favoring online insurers abate.

› Verified 1 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-pace-lose-car-insurance-crown Go Now

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Illinois Department of Insurance Director stepping down

Details: Prior to joining the state Department of Insurance, Muriel was a civil and commercial lawyer, primarily representing small businesses with a focus on insurance coverage and bad faith claims

› Verified 1 days ago

› Url: https://www.chicagobusiness.com/health-care/illinois-department-insurance-director-stepping-down Go Now

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Health care | Crain's Chicago Business

Details: The newly public price information could shake the industry, equipping insurers and large employers to drive harder bargains with hospitals. Savings eventually could filter down to patients

› Verified 3 days ago

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State Farm loses policyholders after steep price hikes

Details: State Farm is cutting auto insurance rates in virtually every U.S. state this year, and a deep look at the company's filings reveals why: Drivers are reacting to 2016 and 2017 rate hikes by

› Verified 11 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-sees-customer-defections-following-hefty-price-hikes Go Now

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Homepage | Crain's Chicago Business

Details: Visit Crain's Chicago Business for complete business news and analysis including healthcare, real estate, manufacturing, government, sports and more

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People on the move listing | Crain's Chicago Business

Details: An accomplished defense attorney with 20 years of insurance coverage expertise, Ms. Tumialán represents insurers in complex coverage disputes relating to personal and commercial lines, third

› Verified 5 days ago

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Allstate agents angered over sudden pay cut on policy renewals

Details: Allstate is cutting costs, and it's reaching for where the money is: the people who generate the revenue. The Northbrook-based insurance giant has informed its nationwide army of agents that it's

› Verified 2 days ago

› Url: https://www.chicagobusiness.com/insurance/allstate-angers-agents-sudden-pay-cut Go Now

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Allstate | Crain's Chicago Business

Details: Insurance. Citigroup sues Allstate for pocketing some cash in a $900M fiasco. Load More; Get our newsletters. Staying current is easy with Crain's news delivered straight to your inbox, free of

› Verified 6 days ago

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Chicago's largest insurance brokers | Chicago Business

Details: FirmHead of Chicago officeChicago employeesU.S. revenues (millions)BrokerageCompensationOffices 199919981999ChangeRetailWholesaleServicesOtherCommissionFeesChicagoU.S

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› Url: https://www.chicagobusiness.com/article/20000213/HOLD/100013976/chicago-s-largest-insurance-brokers Go Now

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Aon considers buying Willis Towers Watson

Details: Aon, a business insurance brokerage and consultancy with operations in 120 countries, moved its corporate headquarters to London from Chicago in 2012, taking many of its senior executives abroad.

› Verified 15 days ago

› Url: https://www.chicagobusiness.com/insurance/aon-considers-buying-rival-willis-towers-watson Go Now

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Allstate announces $600 million in rebates to auto

Details: The Northbrook-based insurance giant is calling the payments a “shelter-in-place payback” and says they will total $600 million over the two months. On average, policyholders will see 15

› Verified 3 days ago

› Url: https://www.chicagobusiness.com/insurance/allstate-rebate-600-million-auto-customers Go Now

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State Farm providing $2 billion in credits to auto

Details: Insurance; April 09, 2020 06:34 PM. State Farm providing $2 billion in credits to auto policyholders. The nation's largest car insurer followed—and one-upped—archrival Allstate's move as stay

› Verified 5 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-providing-2-billion-credits-auto-policyholders Go Now

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Aon girds for pandemic fallout with 20% cut in most

Details: The commercial insurance brokerage and corporate consultant will suspend its share-buyback program. But it will preserve its dividend. “Paying a regular dividend is consistent with maintaining

› Verified 9 days ago

› Url: https://www.chicagobusiness.com/insurance/aon-cut-pay-20-most-employees Go Now

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Allstate Direct selling same auto coverage for 7 percent

Details: A car-insurance price war may be in the offing, triggered by Bloomington-based State Farm’s recent moves to cut policy rates by 11 percent on average nationwide. If State Farm’s

› Verified 2 days ago

› Url: https://www.chicagobusiness.com/insurance/allstate-undercuts-agents-lower-online-auto-rates Go Now

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Mergers reduce competition in Illinois' Medicaid managed

Details: A dwindling roster of insurers threatens the benefits Illinois hoped to realize by enlisting private companies to run its managed care program for Medicaid, the joint state and federal health

› Verified 2 days ago

› Url: https://www.chicagobusiness.com/health-care/what-happened-all-medicaid-managed-care-insurers Go Now

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COVID coronavirus business interruption lawsuit filed by

Details: A judge in Michigan this month handed a preliminary victory to the insurance industry, ruling in a case involving a restaurant that “some tangible alteration to a property is required to trigger

› Verified 7 days ago

› Url: https://www.chicagobusiness.com/law/big-name-restaurants-sue-insurers-over-covid-losses Go Now

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Allstate agents' opinion of the insurer takes dramatic drop

Details: The auto insurance industry appears to be entering a period of more intense price competition, Shields said. That puts a premium on cost reduction, and compensating agents is a major expense for

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/insurance/agents-opinion-allstate-takes-dramatic-drop Go Now

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Property insurance not meant to cover COVID business

Details: The American Property Casualty Insurance Association estimates there could be as many as 30 million claims from small businesses related to COVID-19 losses if legislatures mandate coverage nationwide.

› Verified 6 days ago

› Url: https://www.chicagobusiness.com/opinion/small-biz-property-insurance-wasnt-meant-cover Go Now

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Press pause on car-insurance price war in Illinois?

Details: Maybe tap the brakes on that auto insurance price war. Progressive, the third-largest car insurer in Illinois, is modestly increasing rates, just months after slicing them by about 10 percent

› Verified 8 days ago

› Url: https://www.chicagobusiness.com/insurance/press-pause-illinois-car-insurance-price-war Go Now

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SEE HOW STATE FARM AND ALLSTATE ARE MARKETING REFUNDS

Details: Insurance experts say the move to be proactive—by issuing refunds ahead of any regulator mandates—is a smart one as it will help brands deepen connections with their customers and avoid

› Verified 18 days ago

› Url: https://www.chicagobusiness.com/insurance/see-how-state-farm-and-allstate-are-marketing-refunds-loyalty-play Go Now

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State Farm acquires Gainsco

Details: The $400 million purchase of low-profile Gainsco has the insurance giant getting into the business of offering bare-bones auto policies to high-risk drivers.

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-enters-high-risk-arena-its-first-ever-insurance-acquisition Go Now

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CNA hit with class-action suit for denying business

Details: Insurance industry representatives argue that business-interruption insurance was never meant for such a broad set of damages as that caused by the coronavirus and could lead to insurers going

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/insurance/cna-hit-class-action-suit-denying-business-interruption-claims Go Now

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Allstate call-center plan angers agents

Details: The Northbrook-based insurance giant is building three large call centers in the U.S. designed to handle routine customer inquiries currently addressed by the company's army of agents. The cost to

› Verified 6 days ago

› Url: https://www.chicagobusiness.com/insurance/will-it-be-war-allstate-and-agents-square-yet-again Go Now

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State Farm's banking exit puts nearly 1,000 Bloomington

Details: Insurance; March 06, 2020 05:34 PM. State Farm's banking exit puts nearly 1,000 Illinois jobs at risk. State Farm is getting out of the banking business after 21 years and transferring accounts to

› Verified 2 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farms-banking-exit-puts-nearly-1000-illinois-jobs-risk Go Now

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Allstate scrapping Esurance brand

Details: “Insurance affordability will be improved by combining the Allstate, Esurance, Encompass and Answer Financial organizations into one business model,” the company said. “This will lower costs

› Verified 3 days ago

› Url: https://www.chicagobusiness.com/insurance/allstate-scrapping-esurance-brand Go Now

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Local restaurants want small insurer to pay big COVID

Details: An insurance policy is a contract, and judges are tasked with determining what the contract means. Wording is critical. "Society Insurance's wholesale, cursory coverage denials are arbitrary and

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/insurance/what-billy-goat-purple-pig-and-other-local-eateries-want-federal-court Go Now

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Aon trims salaries by 19.9 percent amid COVID pandemic

Details: More broadly, he said Marsh, the world's largest insurance brokerage, wouldn't cut worker pay for this simple reason: "Solving the (potential revenue or liquidity) issue by reducing pay is an

› Verified 6 days ago

› Url: https://www.chicagobusiness.com/insurance/when-20-salary-cut-isnt-20-salary-cut Go Now

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Billy Goat sues its insurer to pay up in pandemic

Details: But Society Insurance, a mutual insurer that traces its roots back to 1915, is the defendant in the suit. The complaint acknowledged that most insurance policies of its type bar claims of this sort.

› Verified 13 days ago

› Url: https://www.chicagobusiness.com/insurance/billy-goat-sues-its-insurer-pay-pandemic Go Now

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Zurich Insurance Group buying MetLife U.S. property and

Details: Last month, RSA Insurance Group Plc accepted a takeover offer of $9.6 billion from Canada’s Intact Financial Corp. and Danish Insurer Tryg A/S in what was the highest premium offered in a

› Verified 5 days ago

› Url: https://www.chicagobusiness.com/insurance/4-billion-zurich-metlife-deal-going-forward Go Now

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State Farm suspending federal campaign donations after

Details: The insurance giant, along with rival Allstate, is among the largest local corporate givers to lawmakers, including many who voted against certifying Biden's win.

› Verified 6 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-suspends-federal-campaign-donations-after-capitol-attack Go Now

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Allstate preparing job cuts numbering in the thousands

Details: Allstate is preparing a significant cost-cutting initiative that will result in the layoff of thousands, according to a report out of Northern Ireland, where Allstate is a major employer.

› Verified 1 days ago

› Url: https://www.chicagobusiness.com/insurance/allstate-preparing-job-cuts-numbering-thousands-report Go Now

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State Farm auto premiums fall for first time in years

Details: The insurance giant cut vehicle rates last year to slow a marked erosion in market share at the expense of lower-cost insurers like Geico. But it didn’t add enough customers to keep revenue from

› Verified 16 days ago

› Url: https://www.chicagobusiness.com/insurance/state-farm-auto-premiums-fall-first-time-years Go Now

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Aon subpoenaed over Trump Organization insurance

Details: (Bloomberg) — New York’s insurance regulator issued a subpoena to the Trump Organization’s primary insurance broker, a person familiar with the matter said.

› Verified 5 days ago

› Url: https://www.chicagobusiness.com/insurance/aon-subpoenaed-over-trump-organization-insurance Go Now

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State Farm's bid to nix business COVID suit rejected by judge

Details: A federal judge in Norfolk, Va., on Dec. 9 rejected the Bloomington-based insurance giant’s motion to dismiss a class-action lawsuit by a spa in Virginia Beach that asserted State Farm

› Verified 28 days ago

› Url: https://www.chicagobusiness.com/insurance/judge-rejects-state-farms-bid-nix-business-covid-suit Go Now

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Esurance co-founder takes aim at trucking

Details: The insurance industry has seen a surge in startups that see an opportunity to use data, as well as internet and mobile technologies, to create cost advantages that will allow them to poach

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/john-pletz-technology/esurance-co-founder-takes-aim-trucking Go Now

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Marsh buys local insurance broker Assurance

Details: Marsh & McLennan is the largest insurance broker in the world, although it’s set to be eclipsed if and when London-based Aon completes its purchase of the third-largest brokerage, Willis Towers

› Verified 23 days ago

› Url: https://www.chicagobusiness.com/insurance/leading-local-insurance-broker-sells-marsh Go Now

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Allstate looks to make homeowners pay more for roof

Details: Homeowners insurance has been a difficult issue for Allstate and other insurers, as an increase in violent weather over the past several years has led to higher claims costs. Allstate has raised

› Verified 3 days ago

› Url: https://www.chicagobusiness.com/article/20120202/NEWS01/120209925/allstate-looks-to-make-homeowners-pay-more-for-roof-repairs Go Now

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University of Illinois insurance decline in Chinese enrollment

Details: At UIUC, which is also structuring the new Discovery Partners Institute research center in Chicago around international exchanges, the insurance contract is an experimental, and expensive, tool

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/education/why-u-i-insuring-itself-literally-against-drop-chinese-students Go Now

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State Farm suffers worst car insurance losses ever

Details: State Farm Insurance lost more money insuring cars last year than it ever has in its 95-year history. The Bloomington-based giant, by far the largest U.S. auto insurer, incurred $35.8 billion in

› Verified 4 days ago

› Url: https://www.chicagobusiness.com/article/20170228/NEWS07/170229881/state-farm-suffers-worst-car-insurance-losses-ever Go Now

› Get more:  Cars,  AutoGo Now

Chicago auto insurance startup Clearcover expanding to

Details: Clearcover is a technology-based auto insurance startup founded in 2016. The company is backed by investments from American Family Insurance Co., Cox Enterprises Inc. and OMERS Ventures, the multi

› Verified 10 days ago

› Url: https://www.chicagobusiness.com/insurance/auto-insurance-startup-expanding-michigan Go Now

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Price hikes have Allstate customers tapping the brakes

Details: Bloomington-based State Farm Insurance, the largest auto insurer in the U.S. and also reliant on an army of agents, raised rates a little over 4 percent through the first nine months of 2016 and 3

› Verified 20 days ago

› Url: https://www.chicagobusiness.com/article/20170210/ISSUE01/170219985/price-hikes-have-allstate-customers-tapping-the-brakes Go Now

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Sears reaches $3 million life-insurance settlement with

Details: Sears will create a $3 million life insurance compensation fund for the beneficiaries of retired workers who died, following a dispute with workers over the bankrupt retailer's decision to

› Verified 2 days ago

› Url: https://www.chicagobusiness.com/retail/sears-reaches-3-million-settlement-over-life-insurance-benefits Go Now

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Clearcover in Chicago is disrupting the auto insurance

Details: While big insurance companies collectively pour billions into advertising, Clearcover spends only a fraction of that on digital marketing. The savings are passed on to customers in the form of

› Verified 11 days ago

› Url: https://www.chicagobusiness.com/innovators/another-disruptor-one-car-insurance Go Now

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CVS-Aetna merger leaves Walgreens on different path

Details: The nation's No. 2 has agreed to shell out $69 billion to buy Aetna, one of the country's largest insurers, to create an unprecedented company with operations in pharmacy, retail, insurance and an

› Verified 13 days ago

› Url: https://www.chicagobusiness.com/article/20171205/NEWS03/171209949/cvs-aetna-merger-leaves-walgreens-on-different-path Go Now

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