Pritzker seeks more regulatory authority over homeowners insurance business – Capitol News IL

Douglas Heller, of the Washington-based Consumer Federation of America, described Illinois’ law as “among the most toothless in the nation. ... Almost every state in the country has a law that says for auto, home and most other lines of insurance as well, rates cannot be excessive. Now, it doesn’t mean that the regulators around the country do a great job or even have the tools to enforce that very strictly … but Illinois doesn’t even have the language that prohibits excessive rates for homeowners insurance companies.”
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Call my shrink
10 months ago

Hey Putger butt out. You can’t reduce costs in the state. Like you can regulate insurance

David F
10 months ago

State Farm should just leave the state and give JB a big F U losing over 5,000 employees

Wally
10 months ago

Sure, just what we want—Pritzker sticking his nose in and pretending to care about the little guy. And Trump is an authoritarian?

Lurker
10 months ago

Look to CA to see what happens when Democrats over-regulate the insurance business. Insurers exit the market, premiums skyrocket, homeowners and businesses go without insurance, people and companies leave the state, and the state is forced to set up its own taxpayer funded insurer of last resort.

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