Tag: car insurance Illinois

Auto insurance data spat could lead to regulatory battle in Illinois

H. Cutner
Auto insurance data - Regulation Battle - Illinois

A fight over information regarding insurer profits during the pandemic may increase state regulation. Newly disclosed auto insurance data from throughout the pandemic has shown that insurers made excessive profits throughout that span of time, according to the Illinois Public Interest Research Group (PIRG) consumer advocacy group. The watchdog says it is proof that the state is in need of stricter regulation of the industry. Insurers have been fighting against the release of the auto insurance data relating to the premiums charged throughout the pandemic. That information was requested by…

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Illinois residents face increased insurance rates for home and auto

Illinois insurance rates on the rise According to the March state filings by a number of insurance companies, some residents of Illinois will soon be receiving the unwelcome news that the coverage that they require for their homes and vehicles will soon be rising. For example, Hanover Insurance has filed a proposal to increase their rates for homeowners’ insurance by an average of 4.9 percent. This rise will go into effect for the renewals on July 11, 2012. Similarly, the filing from Unitrin Preferred Insurance Co., has shown that they…

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Changes to Illinois health insurance up for vote

S.Vagus

Illinois Governor Pat Quinn is expected to make a decision on a bill arriving at his desk today. The State’s House of Representatives passed legislation— by a sweeping majority of 98-15 – that would keep the state’s health insurance contracts intact for the next two years. This conflicts with Quinn’s move to change the state’s health insurance carrier,  a measure that would have left more than 100,000 government workers in need of new coverage. The bill will also reopen the health insurance procurement process and allow the state’s insurers to…

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