Illinois homeowners are facing a sharp financial shock as State Farm, the state’s largest property insurer, implements a 27.2% increase in homeowners’ insurance rates. Affecting roughly 1.5 million ...
Gov. JB Pritzker and legislative leaders have suggested Illinois should exercise more regulatory authority over premiums that insurance companies charge for homeowners coverage. That began after State ...
A 27% spike in homeowners insurance premiums is more than a number; it’s a boost to the financial stability of 1.5 million Illinois households. State Farm, the state’s largest property insurer, says ...
Across America and here in Illinois, homes and cars are among the most expensive things people buy. But payments on these pricey purchases don’t end with mortgage or car loan installments. Insurance ...
Gov. JB Pritzker on Thursday renewed his call for legislation requiring insurance companies to justify and disclose the reasons behind steep homeowners’ insurance rate hikes — a proposal that stalled ...
Gov. JB Pritzker is reviving his campaign to put homeowners’ insurance rates under state scrutiny, weeks after a rate-review bill unexpectedly collapsed in the Illinois House. The governor is leaning ...
SPRINGFIELD, Ill. -- The Illinois House rejected a bill Thursday that would have given the state Department of Insurance authority to regulate homeowners' insurance rates. Gov. JB Pritzker had called ...
Illinois homeowners continue to enjoy relatively low insurance costs compared with many parts of the country. While premiums have surged in high-risk markets along the Gulf and Atlantic coasts, new ...
SPRINGFIELD, Ill. (WAND) — State senators passed a bill last week to protect homeowners from excessive insurance rate increases and ensure transparency for homeowners, but the plan failed to gain ...
The Illinois House rejected a bill that would have allowed the state to regulate homeowners' insurance rates. Illinois is currently the only state that cannot regulate excessive, inadequate, or ...