Insurance options pitched at meeting - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 14, 2021 Newswires
Share
Share
Tweet
Email

Insurance options pitched at meeting

Daily Leader, The (Pontiac, IL)

CHENOA — Insurance was the dominant topic at Tuesday's regular meeting of the Chenoa City Council as representatives of Compass Insurance pitched an array of options for the city to consider as it considers changes to its current coverage.

A trio of Compass representatives reviewed current coverages for the city and outlined what they have to offer. Brett Egan with Compass warned of ransomware attacks which are often targeted toward local governments.

"You guys are covered right now but I think you could be covered more going forward," he advised.

Dayton Kilgus of Compass noted the city is a target for cyber crimes since it has government money and a low level of control. A cyber attack would not only impact computer systems but anything connected to the internet, Kilgus said.

Egan said the company feels multiple buildings and business personal property are underinsured while replacement costs on some buildings have not been changed since 2016. Kilgus noted Compass would bring local professionals to the table to explain insurance information.

"We stay up at night if something's not right," Kilgus explained.

Kilgus warned if something bad happened currently, the city could be out hundreds of thousands, if not millions, of dollars. City Attorney Steve Mann feels this is better coverage and the city has more options from a legal liability side.

Joey Samuelson of Compass presented health insurance information and said they would move to a paperless benefit platform for medical and dental insurance. They can also help with COBRA and administering flex spending accounts.

"You really shouldn't have two group plans and you guys do," said Samuelson.

The city currently has insurance through the Illinois Municipal League but is exploring other options. Finance and Insurance Commissioner Kyle Buchanan expects the city to review insurance proposals and eventually make a decision.

In other matters Tuesday night, the council released Harrison Kamrath from a TIF redevelopment agreement with the city since he is moving out of town. Kamrath had purchased the old fire house and has since sold the property. Buchanan said the new owner will likely ask for a TIF agreement and the building will be renovated.

Mike Chrisman was appointed to the Zoning Board after a former member resigned and two individuals expressed interest in the position. He is also a volunteer firefighter who wants to become more involved in the city.

"I spoke with him at length several times," Mayor Chris Wilder noted.

Chenoa council members also authorized a request from Silliman Trust Trustee Heartland Bank to tear down a deteriorating house on property south of town in which the city is the beneficiary. The demolition will allow the property to be better utilized, according to the mayor. The city receives money each year from the farmland on the property.

During the commissioner comments portion of the meeting, it was revealed that hydrant flushing will begin next week and all full- and part-time employees have been doing a good job with various tasks such as moving tables and preparing ball fields for recent events.

City Treasurer Bryan Rowold reported the city was selected by IMRF for an audit which is concluding this week. There may be small corrections needed but no errors were discovered.

The group approved an ordinance amendment relating to the collection of yard waste in the city. Streets Commissioner Joseph Bell said he ran this by employees and they like the way it reads as it is straightforward. Mayor Wilder feels it looks good this time.

Public comments were given by resident Steve Bury, who said he heard the city might put water lines on Mason Street and do repairs.

"There had been some discussion two years ago about doing that replacement," admitted the mayor.

Wilder said this is on the city's list to continue monitoring.

Older

Pelham City Council hears proposal for health insurance stipend for city employees

Newer

Pandemic and Tax Code Change Spur Interest in Life Insurance, J.D. Power Finds

Advisor News

  • CFP Board appoints K. Dane Snowden as CEO
  • TIAA unveils ‘policy roadmap’ to boost retirement readiness
  • 2026 may bring higher volatility, slower GDP growth, experts say
  • Why affluent clients underuse advisor services and how to close the gap
  • America’s ‘confidence recession’ in retirement
More Advisor News

Annuity News

  • Insurer Offers First Fixed Indexed Annuity with Bitcoin
  • Assured Guaranty Enters Annuity Reinsurance Market
  • Ameritas: FINRA settlement precludes new lawsuit over annuity sales
  • Guaranty Income Life Marks 100th Anniversary
  • Delaware Life Insurance Company Launches Industry’s First Fixed Indexed Annuity with Bitcoin Exposure
More Annuity News

Health/Employee Benefits News

  • Proposed Medicaid cut could end meal deliveries for thousands of Idaho seniors
  • ManageWare's ReviewWare – a Workers' Compensation Bill Review Platform Differentiated Due to Positioning and Integration With the Entire Claims and Managed Care Ecosystem
  • New Multiple Myeloma Findings from Washington University School of Medicine Discussed (High-Deductible Health Plans and Out-of-Pocket Health Care Costs Among Younger Patients With Multiple Myeloma): Oncology – Multiple Myeloma
  • Expiration of Tax Credits Drives Sharp Premium Increases
  • Congress grills UnitedHealth CEO Stephen Hemsley on claim denials, insurance costs
More Health/Employee Benefits News

Life Insurance News

  • FORMER DC TEACHER TO SERVE ONE YEAR IN JAIL FOR FELONY INSURANCE THEFT SCHEME
  • Symetra Marks 50 Years as a Stop Loss Leader
  • AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company
  • A decade in decline: PHL Variable serving as a cautionary tale
  • Conn. Insurance Dept. answers questions on PHL Variable’s $2.2B plight
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
  • Salt Financial Announces Collaboration with FTSE Russell on Risk-Managed Index Solutions
  • RFP #T02425
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet