SPRINGFIELD, Ill. (WAND) — Gov. JB Pritzker says he is committed to lowering home insurance rates for Illinoisans. The Democrat is continuing a battle with State Farm after an insurance reform plan failed to pass out of the House last month.
"Look, we're one of the very few states that doesn't have any limits on what an insurance company can charge and how they can increase the homeowner's insurance premiums," Pritzker said Thursday.
State senators passed a bill Oct. 30 to protect homeowners from excessive rate increases and ensure transparency for customers. The plan would require insurance companies to give homeowners at least 60 days' notice before nonrenewal, changes in coverage, or premium increases of 10% or more.
Insurers would also need to use credible Illinois-specific data

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