Insurance Industry

After hearing from State Farm’s CEO, Gov. JB Pritzker cited ‘factual inaccuracies’ in the company’s stance against legislation to empower the state to force refunds to hefty insurance premium increases.

During a visit to Bloomington-Normal on Tuesday, Gov. JB Pritzker said he supports changing how state colleges and universities are funded, but wouldn't commit to releasing discretionary funds held back last fall.

Country Financial is one of Bloomington-Normal's largest and longest operating businesses. What you may not know is Country Financial did not start in Bloomington.

Insurance industry officials defended recent homeowners insurance rate spikes this week, blaming such factors as inflation and climate change while warning that attempts to regulate their ability to set rates would be bad for consumers.

Abe Scarr, Illinois Public Interest Research Group state director, said the massive increase will “impact countless families across the state," as 1.5 million State Farm policyholders will be impacted by the near half-billion rate hike — a 27% increase.

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

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.

Damage claims from Hurricane Helene continue to trickle in even as assessments from Hurricane Milton mount.

Checks are going out in a $65 million settlement of a class action lawsuit against State Farm Life and Accident Assurance Company. Attorneys had accused State Farm in a federal court in Missouri of overcharging on policies.

Governor calling for sweeping changes in regulation; report shows state facing skyrocketing costs.