After Pritzker’s attacks on State Farm, insurance industry sees another push for rate review coming to Springfield – WGLT (NPR at ISU)

Gov. JB Pritzker has already called on state lawmakers to “enact a legislative solution” during the fall veto session that “prevents insurance companies from taking advantage of consumers through severe and unnecessary rate hikes like those proposed by State Farm.” Currently, the Department of Insurance gets notified of a rate hike but can’t stop it. Regulators in other states can do that.
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Morefandave
10 months ago

Hey, JB, News Flash: State Farm is a mutual. The owners are us policy holders. There are no corporate fat cat investors raking in piles of cash from overcharging.

Wally
10 months ago

Just be careful not to follow CA’s lead on regulating the insurance industry, causing companies to to leave and cancel policies, like what occurred during the wildfires.

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