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Race is on to grab new insurance exchange license. (Chicago Board of Trade; Illinois Insurance Exchange)
Crain's Chicago Business, October, 1997 by Fritz, Michael
Tags: Chicago Board of Trade, computer-based training, insurance, mart, Mart
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Mart's woes create opportunity for CBT, insurers The Chicago Board of Trade is considering facing off against the struggling Illinois Insurance Exchange in a winner-take-all competition for licensing rights to start a new, state-chartered insurance mart. Last week, the Chicago Board of Trade's (CBT) executive committee recommended that the mart hire accounting firm Ernst & Young LLP to assess competitors, estimate start-up costs and assemble a business plan for the project, tentatively dubbed Chicago Board Insurance Exchange.
"This is seminal," says CBT Chairman Patrick ...
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