News
Illinois Senate passes bill to regulate auto insurance rates
17+ hour, 1+ min ago (390+ words) (The Center Square) " The Illinois Senate has approved legislation to regulate auto insurance rates, but a former Illinois Department of Insurance director says the proposal will result in higher premiums. After adding a second amendment to Senate Bill 714 on Wednesday,…...
Illinois pushes rate-hike protections forward despite consumer cost fears
1+ mon, 3+ week ago (461+ words) (The Center Square) " Home and auto insurance providers in Illinois could face new oversight and regulation after a Senate bill recently passed the House, despite concerns from Republican lawmakers and insurance industry groups. The bill passed primarily along party lines,…...
Allstate homeowners rate hike sparks debate over Illinois insurance oversight
4+ mon, 20+ hour ago (529+ words) (The Center Square) " Illinois homeowners could see their insurance bills rise again after Allstate filed a $58 million rate increase affecting nearly 300, 000 policyholders, reigniting a debate over whether the state should tighten oversight or risk government overreach in the insurance market....