Gov. Pritzker Signs New Laws to Protect Illinois Homeowners and Drivers From Rate Hikes

On a Fixed Social Security Income, She Fell Behind on Property Taxes. A New Illinois Law Protects the Equity in Her Paid-Off Home.

The post On a Fixed Social Security Income, She Fell Behind on Property Taxes. A New Illinois Law Protects the Equity in Her Paid-Off Home. appeared first on 24/7 Wall St.. A widow in her mid-70s lives in a small Illinois town. Her house has been paid off for a decade. Social Security covers groceries, utilities, insurance, and Medicare premiums, with a little left over. Then the property tax bill arrives a few hundred dollars higher than last …

Gov. JB Pritzker signs bills protecting consumers from unfair home and auto insurance premiums and rate hikes

Illinois Gov. JB Pritzker signed a pair of bills Tuesday protecting consumers in the state from unfair home and auto insurance rates.

Gov. Pritzker signs new laws to curb home and auto insurance rate hikes – WGNTV (Chicago)

The new laws require insurance companies to justify proposed rate increases and give the Illinois Department of Insurance the authority to challenge rates considered excessive, inadequate, or unfairly discriminatory. Insurers will also no longer be allowed to raise premiums on Illinois policyholders to cover losses from disasters in other states, including hurricanes and wildfires.

Pritzker signs bills requiring insurance companies to justify rate increases

Illinois Gov. JB Pritzker has signed a pair of bills that will require insurance companies to justify future rate increases.

Gov. Pritzker Signs Insurance Reforms to Protect Consumers and Address Affordability

CHICAGO— Governor JB Pritzker today signed HB 4273 and SB 714 into law, delivering reforms that will make Illinois’ homeowners and auto insurance markets more transparent, equitable, and accountable to consumers.“For too long, Illinois working families have been forced to pay higher insurance bills without receiving a clear explanation of why their rates went up,” said Governor JB Pritzker. “That changes today. These commonsense reforms will bri…

Gov. Pritzker signs new laws to protect Illinois homeowners and drivers from rate hikes

Illinois Governor JB Pritzker signed two new laws into effect that grant the Illinois Department of Insurance more authority to oversee and challenge excessive homeowner and auto insurance rate increases.