State Farm

The head of Illinois’ insurance industry trade group said Tuesday that Gov. JB Pritzker’s attacks on State Farm were “unfortunate” and likely part of a push to give state regulators new power to reject rate increases.

State Farm said Friday that Gov. JB Pritzker’s attacks on its 27% homeowners’ insurance rate increase are “factually incorrect” political rhetoric.

Gov. JB Pritzker took the rare step Thursday of attacking one of Illinois’ largest employers — State Farm — over its plans to increase homeowners’ insurance rates by 27%.

The average corn yield last year in McLean County was nearly 247 bushels per acre. That's enough to blow the minds of the grandfathers of today's farmers. Agriculture has changed nearly beyond recognition in less than a century.

The investigation comes after California regulators approved State Farm’s request to raise premiums on an emergency interim basis. State Farm said the wildfires put the insurer in financial distress as it expected to pay $7 billion in claims related to the fires.

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.

District 87 bought the Willie G. and Gloria Brown Education Center building to address overcrowding of pre-K and Bloomington Career Academy classes.

The owner of the former State Farm building in downtown Bloomington is moving ahead with a $68 million redevelopment, including a renovation of the building into 183 residential units, plus ground-floor retail and a destination restaurant on the 13th floor.

State Farm's financial results improved in 2024, though the Bloomington-based company still posted an underwriting loss of over $6 billion.

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