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News
State gets more control over insurance rates
6+ hour, 50+ min ago (789+ words) SPRINGFIELD – Gov. JB Pritzker signed legislation Tuesday that will give the Illinois Department of Insurance authority to review and approve rate changes for homeowners and automobile policies. “It’s not asking too much to say to insurance companies, if you’re telling…...
House OKs insurance rate regulation bill
4+ mon, 1+ week ago (745+ words) SPRINGFIELD – The Illinois House has approved a bill that would give the Illinois Department of Insurance authority to review and approve rates for both homeowners and automobile coverage has. Two proposals that started as separate pieces of legislation were combined…...
Bill would limit homeowners insurance rate hikes
5+ mon, 2+ week ago (1031+ 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…...