The five biggest auto insurers in Illinois have raised automobile insurance rates a whopping $527 million since January, an analysis by two consumer groups shows.
That follows about $1.1 billion in rate increases last year by the top 10 Illinois car insurers.
The analysis by the nonprofit Illinois Public Interest Research Group and Consumer Federation of America looked at auto insurance rate increases by the five largest companies in Illinois: State Farm, Allstate, Progressive, Geico and Country Financial, which together make up 62% of the Illinois market.
Now, state Rep. Will Guzzardi, D-Chicago, has introduced legislation to address those issues and crack down on insurers. Guzzardi’s bill would:
Require automobile insurers to get prior state approval for rate hikes.
Ban “excessive” insurance increases.
Prohibit using gender, marital status, age, occupation, schooling, home ownership, wealth, credit scores or a customer’s past insurance company relationships in setting car insurance rates.
It’s already illegal to use race, ethnicity and religion in setting rates. That would continue under Guzzardi’s proposal.
Author(s): Stephanie Zimmermann | Chicago Sun-Times
Citing an improved economic outlook in the COVID-19 pandemic, Gov. J.B. Pritzker’s latest budget proposal will devote an extra $500 million to Illinois’ nearly insolvent pension funds, pump $200 million into a “rainy day” fund and tamp down the state’s unpaid bill backlog — all while providing $1 billion in tax cuts, freezes and rebates, administration officials said Wednesday.
Pritzker was scheduled to outline the ambitious $45.4 billion election-year spending plan during his “State of the State” speech at noon in Springfield, in a downsized event held at the Old State Capitol Building due to a massive winter storm sweeping the state.
In a media preview ahead of the speech, the governor’s top advisers claimed the new spending plan keeps the state on track to end in the black for back-to-back years for the first time in 25 years.
Black Chicagoans are expected to live more than nine years less than non-Black residents — and that gap in life expectancy is only growing, according to a report released Tuesday.
The report by the Chicago Department of Public Health presents a grim but unsurprising outlook on how inequities in housing, income, access to healthy food and trauma have contributed to the disparity in the city.
From 2012 to 2017, the life expectancy gap between Black residents and non-Black residents grew from 8.3 years to 9.2 years, the report found.
Black Chicagoans on average live 71.4 years while non-Black residents live 80.6 years. While non-Blacks saw their life expectancy drop by more than three months in those five years, life expectancy dropped for Blacks by more than 14 months. The report cites five main factors: chronic diseases, homicide, infant mortality, opioid overdoses and HIV, flu or other infections.
A bill that awaits Gov. J.B. Pritzker’s signature would boost pensions for about 2,200 active and retired firefighters, but Mayor Lori Lightfoot wants the governor to veto it. Sun-Times file photo
Mayor Lori Lightfoot is urging Gov. J.B. Pritzker to veto a bill boosting pensions for thousands of Chicago firefighters, arguing it would saddle beleaguered taxpayers with perpetual property tax increases and cripple a pension fund dangerously close to insolvency.
The bill, introduced by state Sen. Robert Martwick, D-Chicago, a Lightfoot political nemesis, passed in the waning hours of the lame duck session and awaits Pritzker’s signature or veto.
It removes the “birth date restriction” that prohibits roughly 2,200 active and retired firefighters born after Jan. 1, 1966 from receiving a 3% annual cost of living increase. Instead, they get half that amount, 1.5% — and it is not compounded.