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State Farm is raising home insurance rates 27% due to inflation and severe weather, saying it's been spending more than it's ...
State Farm is raising homeowners insurance rates in Illinois by a whopping 27.2% beginning Aug. 15, according to a filing ...
Rates filed by insurance companies in Illinois reflect the rising cost of claims, which is primarily driven by local natural ...
State Farm says in 13 of the last 15 years, it paid out more than budgeted to cover damage from severe weather events in ...
State Farm is raising home insurance rates in Illinois by 27% due to increased weather-related claims and repair costs.
"In addition to increased premiums, State Farm intends to raise out-of-pocket deductibles and reduce payouts for certain ...
The increase affects nearly 1.5 million State Farm customers and comes alongside a newly implemented 1 percent minimum ...
“These increases are predicated on catastrophe loss numbers that are entirely inconsistent with the Illinois Department of ...
Last year, Pritzker signed legislation giving the agency authority to review and reject proposed rate increases in ...
Jessica Edmondson, the director of data journalism at Insurify, appeared on the WGN Evening News to talk about State Farm's announcement that is raising insurance rates in Illinois more than 27%.
A sharp rise in homeowners-insurance premiums is connected to rising levels of financial distress, especially among first-time buyers.