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,

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