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Insurance

AAIS starts digital insurance newsmagazine

Sep 18, 2020 2:18 PM - The Lisle-based American Association of Insurance Services offers a new digital newsmagazine, AAIS Pulse, with interactive access to a unique panel of experts discussing issues important to insurance professionals.
Allstate announces August losses due to hurricanes

Sep 17, 2020 2:24 PM - The Allstate Corp. Thursday announced estimated catastrophe losses for the month of August of $985 million, which includes damages from hurricanes Laura and Isaias.
Associated Agencies acquires the Bensman Group

Sep 14, 2020 2:14 PM - Associated Agencies Inc., an insurance and risk management firm based in Rolling Meadows, Monday announced the acquisition of Bensman Risk Management Inc. and Bensman Associates Ltd., a Bannockburn-based insurance, risk management and strategic planning group.
Allstate acquires National General for $4 billion in cash

Associated Press
Jul 8, 2020 4:39 PM - Northbrook-based insurance company Allstate is buying National General Holdings for $4 billion in cash, expanding the scope of its insurance holdings.
Religious freedom organization sues state over abortion mandate for insurers

Daily Herald report
Jun 10, 2020 5:52 PM - The Thomas More Society is suing the state to challenge a law requiring all health insurance policies sold in Illinois to provide coverage for elective chemical and surgical abortions, with no exemptions even for churches.
Federal Life Insurance expands into the Medicare Supplement market

May 1, 2020 9:54 AM - Federal Life Insurance Company will be offering new Medicare Supplement products through a distribution partnership with Senior Market Sales.
COVID-19 virus exposes weaknesses, gaps in insurance

Apr 16, 2020 8:41 AM - In the CV19 Task Force daily briefing, we see and hear the government scrambling to problem solve the ever expanding pandora's box of the economic and human misery. On the health coverage side of the equation, we can see several adjustments or "bug fixes" that are being made on an almost daily basis.
Allstate among insurers returning money to customers during 'unprecedented' driving slump

By Katherine Chiglinsky
Apr 6, 2020 1:56 PM - Northbrook-based Allstate Corp. and American Family Insurance are returning some money to auto insurance customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving.
Aon agrees to purchase Willis Towers in $30 billion deal

By Katherine Chiglinsky
Mar 9, 2020 2:24 PM - Aon Plc agreed to buy Willis Towers Watson Plc in an almost $30 billion transaction that combines the world's second- and third-biggest insurance brokerages.
Commentary: Retirement advice is looking shakier than ever

Ethan Schwartz
Mar 8, 2020 6:00 AM - A new regulation purports to hold insurance companies and agents up to a high standard so that they only recommend investments that are in a consumer's best interest. Then it tells insurers that "best interest" is to be measured only against the products that they sell.

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