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Recent News About Illinois Department of Insurance
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An appeals panel has ruled state regulators were wrong to make suburban roofing company pay worker's compensation insurance for a subcontractor, which only existed on paper and used the employees of another subcontractor.
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State and federal courts have been mixed on the question since a 2002 Oklahoma ruling
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Rick Hammond has been chosen to be part of a panel discussing the ways 2020 have shaped and reshaped the insurance industry.
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State insurance departments across the country are continuing to provide guidance in response to the COVID-19 outbreak.
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The County Historian for Cook County, in conjunction with the Cook County Board of Commissioners, proudly recognizes Joseph A. Tecson on the 43rd anniversary of his swearing in, February 11, 1976, as the first Asian American commissioner on the Cook County Board.
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In a split decision, an Illinois appeals panel has stripped Allstate Insurance of its defenses against a class action, which alleged the company unfairly billed long-term auto policyholders more than it charged new ones, saying Illinois insurers can’t protect their rates from lawsuits, because their rates are not controlled by the Illinois Department of Insurance.
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A state appeals panel has dealt a setback to Thrivent Investment Management's efforts to thwart a state investigation into the company's activities.
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The village of North Riverside has suffered yet another loss in court in its attempt to get out from under what it has called a financial crisis, as a state appeals court has upheld a state labor board’s determination the village could not use that purported crisis as an excuse to avoid a demand by its firefighters’ union to submit to arbitration a dispute over the village’s attempt to privatize fire protection services to save $700,000 per year and offload its pension obligations.
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Calling the allegations “totally implausible,” a Chicago federal judge has tossed a lawsuit brought by the state of Illinois against Bank of America and a mortgage insurance company, which had accused the lender and insurer of working in a scheme to maximize their own profits by dumping high default risk onto another mortgage insurer, leaving borrowers unaware their mortgage insurance premiums were higher than they should be.
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A former chairman of the Illinois Prisoner Review Board is suing his onetime bankruptcy attorney for allegedly under-reporting his state salary and forging his signature on bankruptcy documents, which he said cost him his job with the board.
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The mayor of a small suburban community west of Chicago thinks the village was unfairly “singled out” for underfunding police and fire pensions in the years during the recession when revenue was low.
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A Chicago appeals court has ruled a state hearing officer was within his discretion when he decided not to swallow a suburban village's contention it didn't contribute to fire and police pensions, because of financial hardship brought on by the Great Recession and its impacts on the village’s economy.
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A former suburban fire chief will be allowed to draw his firefighter’s pension while still working for the same fire protection district he had led, after a state appeals court said, because the former chief doesn’t respond to fire calls, the fire district’s pension board had incorrectly attempted to deny him his pension when the board determined the former chief had reentered service as a firefighter after the district hired him back on in the role of “chief administrator.”
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In 2014, the average Elgin police officer earned $95,584 in salary and an additional $60,682 in taxpayer-funded pension contribution for a total of $156,266 in compensation, according to a report published by the Illinois Department of Insurance.
