News
Car insurance premium inequities are driven by age, credit and ZIP code, study finds
1+ day, 11+ hour ago (740+ words) A new study found that factors such as ZIP code, age or credit score could more than double a person's car insurance premium. Pat Nabong / Sun-Times It's well known that auto insurance companies charge more to people who have caused…...
Climate change is fueling a surge in Illinois home insurance premiums
3+ week, 10+ hour ago (676+ words) A tornado damaged home can be seen from the air in Kankakee County after storms ripped through the area in March. This coverage is made possible through a partnership between WBEZ and Grist, a nonprofit environmental media organization. Illinois home…...
Allstate plans to hike Illinois homeowners insurance rates
3+ mon, 3+ week ago (517+ words) A pedestrian walks on the sidewalk near the intersection of West Greenleaf and North Ravenswood Avenues in Rogers Park. Some Allstate customers next year will see their homeowners insurance rate increase by an average of 8. 8%, continuing a trend of rate…...
As climate change makes hail more destructive, Illinois residents pay the price
8+ mon, 4+ day ago (815+ words) Researchers collected and measured hail from storms in the Great Plains. For 40 days this summer, Illinois atmospheric scientist Victor Gensini and roughly 100 other specialists and students traveled the Great Plains chasing storms. More specifically, they investigated severe convective storms, the…...
Having a low credit score can double your homeowner's insurance cost, report finds
8+ mon, 5+ day ago (762+ words) A new study found that people with low credit scores, including in Illinois, are quoted higher prices for homeowners insurance than similar consumers with high credit scores. A new report found that having a low credit score can double the…...
Illinois leaders attack State Farm as it hikes home insurance rates
9+ mon, 1+ day ago (667+ words) An uprooted tree lays between two homes in the 6600 block of South University Avenue in the Woodlawn neighborhood, Wednesday, July 17, 2024. According to neighbors this damage was caused by the storm that hit Chicago Sunday night. Amid fierce pushback from Illinois…...
Homeowners pay price for insurance industry's reluctance to address climate change, consumer groups say
10+ mon, 3+ week ago (836+ words) Stephanie Zimmermann is an award-winning investigative journalist who focuses on consumer issues, defined broadly to include credit and debt, insurance, food, housing, health, transportation, technology, unsafe products, scams/frauds and other issues that affect everyday people. Before joining the Sun-Times,…...