The 1st District Appellate Court recently held that a two-year statute of limitations applies to insurance producers for negligence in procuring insurance, measured from the insured’s receipt of the policy.The case is Austin Highlands Development Co. v. Midwest Insurance Agency Inc., 020 IL App (1st) 191125 (Jan. 30). The insured, Austin Highlands Development Co., was represented by Richard Jones & Associates Ltd. of Mt. Prospect. Traub Lieberman Straus & Shrewsberry of Chicago represented the insurance …