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Governor calling for sweeping changes in regulation; report shows state facing skyrocketing costs.
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The Community Health Care Clinic in Normal has recovered its federal tax-exempt status. The agency that serves low-income people with no or inadequate health insurance lost its 501-C-3 designation in May of last year.
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State Farm posted a net loss of $6.3 billion in 2023, driven largely by a "significant increase" in catastrophe claims by homeowner policyholders, the Bloomington-based company reported Thursday.
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Jon Farney joined State Farm in 1993 and has worked in various leadership roles within the company. The Illinois State University alum became senior vice president, treasurer and chief financial officer of the company in 2016.
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After several years of sharply rising catalytic converter thefts State Farm said this year may break the trend. Through the first half of the year, the Bloomington-based insurance giant said thefts are down 37% nationwide and in Illinois.
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A judge dismissed Carla Campbell-Jackson's claim that State Farm fired her in 2016 after 27 years of employment because she reported an anonymous letter that contained racist and offensive statements that was sent to several workers at a Michigan office of the company.
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The Illinois Department of Healthcare and Family Services reports nearly 47,000 residents were dropped due to not filling out paperwork
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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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Last summer, Fitch Ratings projected Geico and Progressive would overtake State Farm in auto insurance premium volume in 2023.