State Leaders Seek More Transparency From Insurance Companies

Capitol News Illinois | State leaders seek more transparency from insurance companies

Illinois Gov. J.B. Pritzker and top legislative leaders accuse State Farm of hiding information from regulators.

State leaders seek more transparency from insurance companies

Insurance companies operating in Illinois have a transparency problem with state regulators and consumers, four top state officials alleged Wednesday.

State leaders seek more transparency from insurance companies - IPM Newsroom

Illinois Newsroom - Illinois leaders remain frustrated by State Farm’s rate hikes on Illinois homeowners and threatened more state regulation over premium increases in a letter to the editor published Wednesday in the Chicago Tribune. The post State leaders seek more transparency from insurance companies appeared first on IPM Newsroom.

Pritzker, Welch and Harmon: Homeowners deserve transparency from State Farm, not unexplained rate hikes – Chicago Tribune*

"Illinois is the only state where the state government does not have any ability to prevent indiscriminate rate hikes. Special interests in Springfield have lobbied for years to keep it this way. Momentum was already building for Illinois to change this policy and join the rest of the nation even before State Farm’s rate hike. The company’s actions now have pushed this commonsense consumer protection into the spotlight for the General Assembly’s…