Illinois pushes auto insurance overhaul amid rising premiums
Illinois lawmakers are weighing insurance reforms aimed at rate oversight, fairer pricing, and stronger consumer protections as auto coverage costs climb
🇺🇸 Illinois Insurance News
Latest Illinois insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
Deere agrees $99 mn settlement in farm equipment repair case
Deere agreed to a $99 mn settlement over repair access claims and said it will provide digital repair tools for large farm equipment for 10 years
Federal Housing Finance Agency chief accuses Letitia James of false insurance filings
FHFA Director William Pulte sent criminal referrals accusing Letitia James of false statements in insurance filings tied to a Virginia property
Illinois bill to review home and auto insurance rates moves ahead
Illinois lawmakers advanced a bill giving regulators power to review home and auto insurance rates, with insurers warning the overhaul would raise costs
Trump administration probes states over abortion insurance mandates
HHS investigates 13 states requiring abortion coverage, citing Weldon Amendment disputes and renewed federal enforcement stance
Health plan sues Cigna over PBM rebates and drug pricing practices
Plumbers Welfare Fund alleges billions in kickbacks, inflated formularies, and rebate routing through Swiss affiliate Ascent Health Services
Illinois Department of Insurance revises supplier diversity report filing rules
Illinois DOI updates 2026 filing instructions for annual supplier diversity reports, sets asset test, SERFF codes, and scope rules
Gallagher Bassett buys Reck & Co to expand marine insurance claims reach
Arthur J. Gallagher expands claims platform as Gallagher Bassett acquires Germany-based Reck & Co, strengthening cross-border marine and transport claims services
State Farm challenges Illinois plan to police homeowners insurance rates
State Farm CEO Jon Farney clashes with Gov. JB Pritzker over Illinois legislation letting regulators order rebates on homeowners insurance rates
Illinois Bill 4373 sharpens limits on auto glass insurance claims as ADAS rules expand
Illinois lawmakers are reviewing HB 4373, a proposal that would block assignment of rights in auto glass claims, restrict repair shop practices, and add ADAS calibration disclosures
Illinois homeowners face renewed premium pressure after Allstate files $58 mn hike
A new Allstate rate filing affecting nearly 300,000 households revives debate over insurance oversight, market competition, and the role of state regulators
Illinois extends enrollment deadline for health plans as subsidy cliff hits
Illinois residents get extra time to enroll through the state marketplace as expired federal subsidies push 2026 premiums sharply higher nationwide
Allstate plans fresh Illinois home insurance rate hikes up to 10.4% in 2026
Allstate seeks new homeowners rate increases in Illinois, citing weather losses and repair costs, with some policyholders facing hikes above 10%
Illinois court tosses genetic privacy suit against State Farm Life
An Illinois appeals court dismissed a class action claiming State Farm Life violated genetic privacy law, ruling underwriting limits apply to health insurers
Illinois law targets insurer pay to expand in-network therapy access
Illinois enacts a law setting insurer payment formulas for behavioral health, aiming to bring more therapists in-network and reduce patient out-of-pocket costs
Illinois rolls out major 2026 health laws that reshape insurance cover
New Illinois laws in 2026 force insurers to cover more treatments, expand drug access, widen screenings and change how hospitals disclose fees
JAB Insurance moves to acquire Columbian Mutual and CLIC amid rehab
JAB Insurance agrees to buy Columbian Mutual and CLIC, offering capital support as both insurers move through state rehabilitation
State Farm’s 27% Illinois rate hike sparks backlash and fresh oversight calls
State Farm’s 27% homeowners rate increase in Illinois triggers political pushback, expert warnings on rising storm risk, and renewed regulatory pressure
Illinois House rejects insurance rate control bill opposed by industry
Illinois lawmakers voted down a bill that would have expanded state oversight of insurance rates, data use, and climate risk disclosures for large carriers
Illinois sues State Farm to force release of nationwide homeowners insurance data
Illinois pushes State Farm to hand over nationwide homeowners data after sharp rate hikes. Regulators say the info is critical for affordability oversight
Illinois upholds Arkansas pharmacy reimbursement rule against ERISA challenge
A federal judge in Illinois dismissed a Teamsters-backed complaint that sought to overturn Arkansas’ pharmacy benefit manager rule on ERISA preemption grounds
Illinois bans life insurers from denying final-expense coverage over felony records
Illinois enacted House Bill 2425, which prohibits final expense life insurers from denying coverage, limiting benefits, or charging different rates solely due to a felony conviction history
Illinois property owner sues Cincinnati Insurance over $215K wind damage claim
Lincoln Place Capital has filed a lawsuit against The Cincinnati Insurance Company, alleging the carrier refused to pay for wind damage and delayed resolution of a $215,450 claim
Illinois Insurance Battle: Giannoulias challenges credit-based auto rate models
Insurance industry groups swiftly criticized a new campaign launched by Illinois Secretary of State Alexi Giannoulias that challenges how auto insurers assess risk
Illinois Senate considers study on insurance rating practices & potential disparities
The Illinois Senate is reviewing House Bill 1234, which mandates a study into whether insurers’ use of ZIP codes, credit scores, age, and other underwriting criteria results
Illinois court upholds stay in Boy Scouts of America abuse insurance coverage dispute
An Illinois appellate court upheld the decision to pause National Surety Corp.’s lawsuit, which claimed it held no duty to cover sexual abuse allegations against the Boy Scouts of America
U.S. insurers face losses between $1 bn and $3 bn from a severe weather outbreak in March
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
InsurTech Koffie has announced the closing of an $11 mn Series A
InsurTech Koffie Insurance, that focuses on providing financial services to the trucking and transportation sector, has announced the closing of an $11 million Series A,… Read More »InsurTech Koffie has announced the closing of an $11 mn Series A
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y