State Farm

With too much space and more remote workers, State Farm said Thursday that it plans to consolidate its workforce into the Corporate South complex in Bloomington and close its Corporate Headquarters and Illinois Operations Center by the end of 2027.

State Farm is announcing the largest dividend in company history, a $5 billion giveback to auto policyholders. CEO Jon Farney told reporters the dividend works out to an average of $100 per vehicle for 49 million vehicles.

Bloomington state Rep. Sharon Chung has introduced a insurance bill that invites conversation and compromise between insurance companies and the state.

Bloomington-Normal leaders are calling for better dialogue between lawmakers, Gov. JB Pritzker, and insurance companies such as Bloomington-based State Farm.

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.

Health care systems nationwide are bracing for how the Trump administration's price increase to a visa program used to hire skilled foreign workers will negatively affect their ability hire clinicians. OSF HealthCare is among several Bloomington-Normal employers who hire H-1B visa holders.

State Rep. Sharon Chung helped defeat a bill that would have allowed the state to regulate homeowners insurance rates.

The Illinois House rejected a bill that would have given the state Department of Insurance authority to regulate homeowners’ insurance rates.

Illinois Attorney General Kwame Raoul’s office said the Illinois Department of Insurance is seeking zip-code level nationwide data about State Farm’s policies, including premiums collected, the types of policy coverage and insurance limits, and the number of claims against the policy.