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Governor calling for sweeping changes in regulation; report shows state facing skyrocketing costs.
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State Farm has finalized a $182 million auto policy rate hike in Illinois that is drawing fire from a nonprofit watchdog group. The Illinois Public Interest Research Group says the increase adds $58 to the average customer's annual bill.
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Insurance industry employment rose 1.83% last year, slightly under the projected number, but could have risen a lot more. The insurance sector is still not back to pre-pandemic employment levels.
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A Black Illinois homeowner claims State Farm practices covert racial discrimination in how it processes claims. “State Farm does not treat its Black and white homeowners insurance policyholders equally,” states a federal lawsuit filed by Jacqueline Huskey of Matteson in south suburban Chicago.
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Insurance industry consultants say there are record numbers of unfilled jobs in that part of the business sector. Analyst Greg Jacobson, of the talent search firm The Jacobson Group, said insurance carrier total employment right now is about 1.56 million people, down 85,000 from two years ago.
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The largest auto insurer in Illinois is sounding a warning about thefts of catalytic converters from autos. Bloomington-based State Farm Insurance says nationally, thefts of that car part have tripled in the last year.
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Bloomington-based State Farm is raising Illinois auto insurance rates by an average of 4.2%. That's less than the nearly 14% drop last year because of…
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State Farm says it plans to expand the use of a digital bookkeeping technology to speed up and streamline the auto claims process, after a successful…
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Raging California wildfires on one coast and the most active Atlantic hurricane season in history on the other are just two examples of how our climate is…
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The insurance business is very competitive—and not just for customers.Insurers like State Farm and Country Financial face a lot of competition to recruit…