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Capitol News Illinois | Insurance bill combining homeowners and auto regulation passes House, awaits Senate action
3+ week, 5+ day ago (750+ words) Mail from State Farm Insurance. SPRINGFIELD " A bill that would give the Illinois Department of Insurance authority to review and approve rates for both homeowners and automobile coverage is advancing in the General Assembly. The proposal started as separate pieces…...
Capitol News Illinois | Bill to regulate homeowners" insurance rates fails on final day of veto session
5+ mon, 2+ week ago (802+ words) Senate President Don Harmon talks to state Sen. Michael Hastings on the floor. SPRINGFIELD " The Illinois House rejected a bill that would have given the state Department of Insurance authority to regulate homeowners" insurance rates. Gov. J. B. Pritzker had called for…...
Capitol News Illinois | Insurance industry opposes regulation, blames inflation, climate change for rate hikes
7+ mon, 4+ week ago (658+ words) A 2023 storm caused extensive home damage in parts of Springfield, including trees falling on homes. Last month, Illinois Gov. J. B. Pritzker called on lawmakers to pass legislation in the upcoming fall veto session that would give the Illinois Department of Insurance…...
Capitol News Illinois | State leaders seek more transparency from insurance companies
8+ mon, 2+ week ago (977+ words) Secretary of State Alexi Giannoulias speaks at an event in Springfield in May 2025. Insurance companies operating in Illinois have a transparency problem with state regulators and consumers, four top state officials alleged Wednesday. "The horrible, hard truth is that car-insurance…...
Pritzker seeks more regulatory authority over homeowners insurance business
9+ mon, 2+ day ago (847+ words) State Farm homeowner premiums will rise by roughly 27 percent in Illinois, prompting calls for greater regulation." SPRINGFIELD " Gov. J. B. Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after Bloomington-based State…...