News
Bill to regulate homeowners insurance rates crops up again in Springfield
1+ day, 4+ hour ago (871+ words) SPRINGFIELD " Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance. Gov. JB Pritzker called for the legislation last summer after Bloomington-based…...
Pritzker seeks more regulatory authority over homeowners insurance business
6+ mon, 4+ week ago (894+ words) SPRINGFIELD " Gov. JB Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after the Bloomington-based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was…...
State Farm plans big insurance hike for Illinois homeowners, citing severe weather
7+ mon, 4+ day ago (433+ words) Illinois homeowners are facing a sharp increase in insurance premiums soon, as State Farm implements a hike for both new and renewing homeowners" policies across the state. According to State Farm, the change is necessary due to ongoing financial pressure…...
What flood insurance does and does not cover
7+ mon, 5+ day ago (671+ words) Though natural disasters cycle across seasons and regions in the U.S., it's often a shocking discovery for property owners how expansive and expensive flood and water damage can be when a major storm devastates their homes, businesses and communities. That's because…...