Illinois Department of Insurance

Wright expands its ResiFlood program into Illinois with launch of an exclusive, admitted product

Retrieved on: 
Tuesday, April 4, 2023
Illinois Department of Insurance, AM Best, Partnership, Lloyd, XV, Risk, Superior, WATJ, Insurance

ST. PETERSBURG, Fla., April 4, 2023 /PRNewswire/ -- Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company's ResiFlood program. In partnership with the Illinois Department of Insurance (IDOI), Wright Flood is proud and excited to introduce admitted private flood to Illinois homeowners and continues to demonstrate its leadership in the flood insurance marketplace.

Key Points: 
  • ST. PETERSBURG, Fla., April 4, 2023 /PRNewswire/ -- Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company's ResiFlood program.
  • In partnership with the Illinois Department of Insurance (IDOI), Wright Flood is proud and excited to introduce admitted private flood to Illinois homeowners and continues to demonstrate its leadership in the flood insurance marketplace.
  • Wright Residential Private Flood Insurance can be purchased to protect homes against the risk of Illinois flooding since most property policies do not cover the peril of flood.
  • Wright's ResiFlood product is offered in 12 states, with expansion plans to introduce admitted private flood to homeowners in additional states across the county.

Atlas Financial Holdings Announces Appointment of Independent Directors and Confirms Court Approval of Previously Announced Regulatory Settlement

Retrieved on: 
Tuesday, August 30, 2022
Professional Services, Insurance, Finance, Technology, OTC, Securities Exchange Act of 1934, Survival, High Court of Justice, Insurance, Solution, Financial services, Risk, Superintendent, Company, Orientation, Circuit court, Settlement, Imogene Opton, New York State Department of Financial Services, Advisory Council, Circuit Court of Cook County, Board of directors, Supreme court, Howard County Department of Fire and Rescue Services, Tobacco Master Settlement Agreement, Liquidator, Illinois Department of Transportation, Annual report, Industry, National Infrastructure Advisory Council, Illinois Department of Insurance, Management

Following these changes, a majority of the Atlas Board is independent.

Key Points: 
  • Following these changes, a majority of the Atlas Board is independent.
  • The Supreme Court of the State of New York, New York County had previously approved the agreement.
  • Having received both supervising court approvals, the Settlement Agreement became effective as of August 25, 2022, pursuant to its terms.
  • Scott D. Wollney, Atlas President and Chief Executive Officer, said, I am pleased to welcome Mr. Holliday and Mr. Scheiwe to Atlas Board of Directors.

FIAI opposes auto insurance industry attempts to quash disclosure of windfall profits during COVID-19 pandemic

Retrieved on: 
Monday, May 9, 2022
COVID-19, Department, Illinois Department of Insurance, California Department of Insurance, Heartland Alliance, Color, Allstate, Industry, Pernicious, Senate, Nebraska Department of Correctional Services, State Farm, Risk, Insurance, Ridesharing company, Insurance, Michael L. Tipsord

CHICAGO, May 9, 2022 /PRNewswire-PRWeb/ -- The auto insurance industry is attempting to block the publication of data documenting its windfall profits in Illinois during the early waves of the COVID-19 pandemic, when the risks associated with driving plummeted but auto insurers did not lower premiums or offer rebates in proportion to the reduction in risk. In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021. Consumer advocates estimate that auto insurers overcharged Illinois drivers by about $900 million in 2020.

Key Points: 
  • In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021.
  • Consumer advocates estimate that auto insurers overcharged Illinois drivers by about $900 million in 2020.
  • In a letter sent last week to the Illinois Department of Insurance, three auto insurance associations challenged the Department's March call for information documenting insurer profits, losses, and refunds given to consumers between 2019 and 2021.
  • The California, New Mexico, and Washington Departments of Insurance have all issued similar data calls to insurance companies.

Keystone Agency Partners Appoints Insurance Industry Veteran Anne Melissa Dowling As Independent Board Member

Retrieved on: 
Thursday, December 2, 2021
Insurance, Professional Services, AXS, Insurance, Senior advisor, Audit, Trustee, Technology, Industry, Metropolitan Museum of Art, Columbia University School of Professional Studies, Amherst College, Professional Football Compensation Committee, Partnership, Social responsibility, Illinois Department of Insurance, Leadership, Investment, Connecticut Department of Energy and Environmental Protection, CFA, Keystone, Risk, LLC, Aetna, Board of directors, Board, LP, Traveler, MMG, Melissa, AXIS Capital, Growth, Public sector, Financial services, Management

Keystone Agency Partners (KAP) a fast-growing independent insurance agency partnership platform, today announced the appointment of seasoned insurance industry leader Anne Melissa Dowling to the Companys Board of Directors.

Key Points: 
  • Keystone Agency Partners (KAP) a fast-growing independent insurance agency partnership platform, today announced the appointment of seasoned insurance industry leader Anne Melissa Dowling to the Companys Board of Directors.
  • We are excited to welcome Anne Melissa to the Keystone Agency Partners family and look forward to leveraging her insurance industry expertise, across regulatory, social and governance matters.
  • Keystone Agency Partners is a fast-growing independent insurance agency partnership platform which provides strategic, technology, financial and operational support to reignite an entrepreneurial spirit and support profitable growth within their platform agencies.
  • Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP.

Pie Insurance Receives Regulatory Approval to Acquire Western Select Insurance Company

Retrieved on: 
Wednesday, August 25, 2021
Acquisition, Insurance, View, Small business, Multimedia, Risk, Illinois Department of Insurance, CEO, Technology

DENVER, Aug. 25, 2021 /PRNewswire/ -- Pie Insurance ("Pie"), an insurtech company specializing in workers' comp insurance for small businesses, today announced that Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Company, a property casualty insurance company that is licensed in Illinois, California, and New York, from a subsidiary of Premia Holdings Ltd.

Key Points: 
  • DENVER, Aug. 25, 2021 /PRNewswire/ -- Pie Insurance ("Pie"), an insurtech company specializing in workers' comp insurance for small businesses, today announced that Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Company, a property casualty insurance company that is licensed in Illinois, California, and New York, from a subsidiary of Premia Holdings Ltd.
  • Upon the closing of the proposed acquisition, Western Select Insurance Company will be renamed Pie Casualty Insurance Company.
  • "Receiving regulatory approval to acquire Western Select Insurance Company is a key milestone on the path for Pie to write our own policies, and to bring our seamless commercial insurance experience to even more small businesses across the country."
  • Pie Insurance is leveraging technology to transform how small businesses buy and experience commercial insurance, with the goal of making it affordable and as easy as pie.