Segal to Hold News Conference

A spokeswoman for indicted Chicago insurance broker Michael Segal told Insurance Journal he is likely to hold a news conference to defend himself and his company, Near North Insurance Brokerage Inc., against federal charges of insurance and mail fraud.

Insurance Journal will feature exclusive coverage of any news conference held by Segal, who signed a letter of intent to sell his brokerage to Chicago-based investment firm Frontenac Co. Crain’s Chicago Business has reported that the transaction has been endangered by the federal corruption charges.

Segal’s trial, originally scheduled for June, has been postponed due to new charges against Near North itself and against Segal’s accountant.