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Insurance

Drone hovers off the ground
Jeff Smudde / WGLT

At the edge of the McLean County fairgrounds, a sound like a swarm of bees filled the air.

Satadru Sengupta
Ryan Denham / WGLT

On paper, it looks like a battle to the death: Legacy insurers like State Farm facing off against a wave of tech startups looking to disrupt their entire business model. It’s Airbnb versus hotels, or Uber versus cabs, all over again.

Staff / WGLT

Nearly 3 million State Farm customers in Illinois are in for a lower auto insurance rate beginning next month. The insurance company is cutting rates by 2 percent.

Surgeon hands practice using instruments
Will Nacouzi / Flickr

Neurosurgeon Ann Stroink of Bloomington said she makes a trip to Washington nearly every month. She's a volunteer advocate for her professional groups, not a professional lobbyist.

Tricia Griffith speaks at ISU
Lyndsie Schlink / Illinois State University

An Illinois State University grad who rose through the ranks of insurer Progressive has become the first woman named Fortune’s Businessperson of the Year.

Mary Cullen / WGLT

As the national opioid epidemic continues, representatives from the medical, treatment, and insurance fields met in Bloomington at a roundtable discussion to talk about more collaboration to care for addicts and prevent addiction.

State Farm agent speaks to customer
YouTube / State Farm

If you’re looking for clues about what State Farm is doing, don’t just look to the big black building overlooking Veterans Parkway. Look at Rhode Island.

Staff / WGLT

The Town of Normal has a happy surprise on its insurance premiums. Council members Monday will decide whether to approve a premium package 13 percent below last year's rates.

Tricia Griffith speaks at ISU
Lyndsie Schlink / Illinois State University

The CEO of one of State Farm’s top competitors says she welcomes the challenge that her company will face as self-driving vehicles cut into the number of accidents in the decades ahead.

State To Begin Automatically Checking For Auto Insurance

Jan 16, 2018
A person sits in a car
State Farm / Flickr via Creative Commons

Drivers in Illinois might soon have their auto insurance electronically verified in an effort to make sure every vehicle on the road is covered. But that requires a database the state doesn’t have yet.

Normal Council Approves Insurance Changes

Jul 18, 2017
Staff / WGLT

The Normal Town Council has approved a new insurance package for workers.

The plan approved Monday will remove a $50 deductible and increase benefits. Deputy City Manager Pam Reece said it will encourage employees to participate in the town wellness program. 

"We just don't want employees to become complacent. So it made sense to us to bump up the wellness incentive. Really, if you look at it, it applies as a penalty. Because, if you don't participate, then you pay more towards your insurance," said Reece.

Seth Perlman / Associated Press

Congressman Rodney Davis said he stands behind the American Healthcare Act as written, though he expects it to change significantly before passage.

The Congressional Budget Office indicates older Americans would pay much more for coverage than under the Affordable Care Act.

Dawn Schmitz / Flickr

Congressional candidate and emergency room physician Dr. David Gill thinks Obamacare should be fixed, not repealed and the first step is to address insurance company involvement. 

Gill, a Democrat, has announced he's running against Republican incumbent Rodney Davis who represents Illinois' 13th District.  Gill spoke against the GOP's Affordable Health Care Act Tuesday night at a Stand Up For Justice rally on the lawn of the Bloomington Center for the Performing Arts.

Pete Souza / Wikimedia Commons

The GOP proposal to repeal and replace the Affordable Care Act is on the table.

The GOP Plan offers tax credits instead of individual subsidies for coverage. The credit starts going away as incomes rise.

Pictures of Money / Flickr

Even with 2017 well under way, there still some chances to hit the reset button.

This includes updating your personal finance situation. During Sound Money, WGLT's Willis Kern talked with Edgar Norton, Director of Illinois State University's Institute for Financial Planning and Analysis.

Janet Guaderrama

Protestors at the Central Illinois Regional Airport say Congressman Rodney Davis ducked them as he met with reporters before flying back to Washington.

Charlie Schlenker / WGLT

After a year plus at the helm of State Farm Insurance, CEO Michael Tipsord took his act public in McLean County with a guided q and a at an Economic Development Council dinner. Tipsord repeated what his predecessor, now retired Chairman Ed Rust Junior said often in his closing years.

"The corporate headquarters of State Farm Mutual Automobile Insurance Company will remain in Bloomington-Normal," said Tipsord.

Illinois Supreme Court

A federal judge in Saint Louis has granted class action certification in a civil racketeering case against Bloomington-based State Farm Insurance.

The Clifford Law Office in Chicago alleges State Farm employees ran a dark money campaign to elect Lloyd Karmeier to the State Supreme Court, believing he would support the insurance company once a certain case reached the high court.

Illinois wants insurance companies in the small group market to submit changes to their small business policies as quickly as possible following a bipartisan adjustment to the nation's health care law. President Barack Obama signed legislation last week that gives states flexibility about whether to change the definition of ``small business'' under the law.  

In an Oct. 9 memo to insurers, the Illinois Department of Insurance says it will keep defining ``small'' as employers with 1 to 50 employees.