Illinois Exchange: A market pillar
Article Abstract:
The Illinois Insurance Exchange is a combination of 14 syndicates that provide the same services as property and casualty insurers. Founded by the Illinois legislature in 1982 to provide surplus insurance, the Exchange has successfully weathered the recession by emphasizing profits over volume - that is, by concentrating on lines where it has special expertise. The Exchange is also licensed by the state of Illinois and is approved in 37 other states, a feature that gives it a decided advantage over its nonadmitted competitors.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
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The learning connection
Article Abstract:
Travelers Corp has successfully implemented a wireless local area network to reduce the cost of medical claims processing. Tested in a Manchester, CT, high school work-study program, the system is 802.5 compatible and uses infrared LED optical links between satellites and a sun base. Unlike cable systems, the infrared system is cost-effective, can be installed quickly and is entirely reusable. The Manchester program has had an added benefit: it has provided Travelers with a pool of prospective workers.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
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