Illinois legislators are looking at ways to regulate homeowners insurance after State Farm announced it was raising rates by 27.2%.

Illinois Gov. J.B. Pritzker is pushing for lawmakers to ban “unnecessary rate hikes” after a major insurance company sought a substantial 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.

Governor JB Pritzker issued the following statement in response to State Farm’s decision to increase homeowners' insurance rates in Illinois:“I am deeply con

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.