Insurance

Hundreds of workers will lose their jobs as Champaign-based Health Alliance plans to cease operations by the end of the year.

The Illinois Senate has passed a pair of bills that are intended to lower prescription drug costs for patients and maintain their access to the medications.

At State Farm’s Technological Research and Innovation Lab, researchers are not only working on how to best protect policy holders, but also on how they can help to create the best products in housing materials.

A typical homeowner in Illinois is paying almost $1,000 more per year for home insurance, an increase that also impacts potential homebuyers.

State Farm has asked the state of California to approve an emergency 22% homeowner policy rate increase following wildfires in that state.

The Midwest Food Bank in Morton and Bloomington-based insurance company State Farm are both involved in responding to the ongoing destructive wildfires in the Los Angeles area.

The American Farm Bureau Federation has backed off a deadline to eject the Illinois Farm Bureau from the federation. That deadline would have been this coming Friday.

Attorneys with the Thomas More Society filed the federal lawsuit Wednesday on behalf of several organizations including Students for Life of America, Pro-Life Action League and Illinois Right to Life. It names Gov. JB Pritzker, Attorney General Kwame Raoul and Department of Insurance Director Ann Gillespie as defendants.

The American Farm Bureau Federation has kicked the Illinois Farm Bureau out of the federation in a dispute over member dues. The bureau responded by saying it is challenging the move in court.

Former State Farm CEO Michael Tipsord has stepped down from his role as chairman of the board at the insurance giant, company officials have confirmed. Tipsord relinquished his role as CEO in January, a post he had held since 2015.