State Farm to Raise Homeowner Insurance Rates in Illinois Amid Political Backlash
TL;DR Summary
State Farm refutes Governor Pritzker's claims that its 27% homeowners' insurance rate hike in Illinois is unjustified and suggests the company is unfairly shifting costs out of state, emphasizing that the increase is due to inflation and severe weather, while regulators seek more transparency amid limited powers to intervene.
- State Farm says Pritzker's rate hike claims are 'factually incorrect' political rhetoric WGLT
- Editorial: State Farm lowers the homeowners insurance boom on Illinoisans Chicago Tribune
- State Farm’s insurance hikes spark backlash from Pritzker, lawmakers FOX 32 Chicago
- State Farm will significantly raise Illinois homeowner insurance rates in August KSDK
- Understanding the Issues in Illinois State Farm
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