Illinois pushes rate-hike protections forward despite consumer cost fears – Center Square

Senate Bill 1486 would require home and auto insurance providers to notify consumers of any rate hike more than 10 percent at least 60 days before the increased rate taking effect. It also gives the Illinois Department of Insurance expanded oversight of rate increases, including the ability to review and challenge raises in rates deemed unfair or discriminatory, according to the bill’s text.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Fed up neighbor
4 months ago

Don’t know if this is good or bad but I just received my Homeowners declaration for this year it went up $365.00 dollars a 23% increase, thanks State Farm.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE