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After State Farm rate hike, legislators are pressured to provide relief. Here’s what could be on the table.
Illinois legislators are looking at ways to regulate homeowners insurance after State Farm announced it was raising rates by 27.2%.
State Farm asks judge to seal documents justifying rate hike
The cost of homeowners insurance is going up for many Californians, as the state's insurance commissioner allowed State Farm's emergency rate to go up by 17% for homeowner policies. State Farm representatives asked a judge for permission to keep documents that they say justify the rate increases away from the public.
Illinois leaders blast State Farm as it hikes home insurance rates
State Farm is raising home insurance rates 27% due to inflation and severe weather, saying it's been spending more than it's taking in. But one Illinois lawmaker looking to limit rate hikes retorted,
Daywatch: Legislators consider action after State Farm rate hike
Gov. JB Pritzker wasted no time in calling on state legislators to do something about rising insurance rates after State Farm announced it was hiking homeowners insurance by 27.2% beginning this month, citing rising costs due to extreme weather events and pricier repairs.
State Farm faces backlash over $523 million insurance rate hike in Illinois
State Farm’s plan to raise homeowners insurance rates by more than half a billion dollars in Illinois has reignited calls from consumer advocates to overhaul how the state oversees insurance rates. “Home insurance rates are on the rise in Illinois due to rising home replacement costs and more frequent severe weather
WQRF Rockford on MSN5d
State Farm defends 27% insurance rate hike, calls Pritzker’s criticism ‘factually incorrect’
State Farm is defending its 27% rate hike on Illinois homeowner insurance policies, calling Gov. JB Pritzker's condemnation ...
State Farm defends Illinois home insurance price hike; Pritzker says its not justified
"In addition to increased premiums, State Farm intends to raise out-of-pocket deductibles and reduce payouts for certain ...
WGLT6d
After Pritzker's attacks on State Farm, insurance industry sees another push for rate review coming to Springfield
The head of Illinois’ insurance industry trade group said Tuesday that Gov. JB Pritzker’s attacks on State Farm were ...
Insurance Business America1d
Execution date set for man who killed woman in Florida insurance office
A man convicted of abducting and killing a woman from a Florida insurance office more than four decades ago is scheduled to ...
State Farm plans insurance hike for Illinois homeowners starting this month
Homeowners in Illinois could soon see a large insurance rate increase under a recent filing in the state. State Farm revealed ...
Crain's Chicago Business11d
State Farm plan to raise Illinois rates 27.2% draws Pritzker's ire
The Bloomington-based insurer says losses from weather disasters in Illinois have exceeded reserves in 13 of the last 15 ...
State Farm increasing home insurance rates for Illinois residents by 27%
Homeowner insurances rates in Illinois will increase by 27.2% on average, State Farm Corporate Communications told the SJ-R ...