Daywatch: Legislators consider action after State Farm rate hike - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
July 21, 2025 Property and Casualty News
Share
Share
Post
Email

Daywatch: Legislators consider action after State Farm rate hike

Chicago TribuneChicago Tribune

Good morning, Chicago.

Gov. JB Pritzker wasted no time in calling on state legislators to do something about rising insurance rates after State Farm announced it was hiking homeowners insurance by 27.2% beginning this month, citing rising costs due to extreme weather events and pricier repairs.

“Enact a legislative solution during the veto session that prevents insurance companies from taking advantage of consumers through severe and unnecessary rate hikes, such as those proposed by State Farm,” Pritzker said in a social media post.

The governor’s angry words were met with a quick rebuttal from the Bloomington, Illinois-based insurer and state business interests, but other officials were just as quick to join in the politically popular call to hold down costs.

“I do agree with the governor that what State Farm did is wrong and they need to fix it,” House Speaker Emanuel “Chris” Welch, a Democrat from Hillside, told the Tribune. “If they don’t, as a leader in this state, as a leader of one of our chambers, we’re going to take a look at it because we have to protect our consumers.”

Right now in Illinois, there’s no effective mechanism to prevent companies like State Farm from imposing rates for home and auto insurance that are deemed to be excessive, according to those familiar with Illinois insurance law.

Lawmakers are considering ways to address increased homeowners insurance costs including legislation championed by the Pritzker administration that would require a rate review process, compelling insurance companies to open their books so that state officials can assess whether the rate increases are too burdensome.

Read the full story from the Tribune’s Jeremy Gorner and Lizzie Kane.

Here are the top stories you need to know to start your day, including: how a plan to upzone Broadway is dividing Edgewater, why the Bulls signed the shortest player in the NBA to a two-way contract and the history (and mystery) of ice cream sundaes.

Today’s eNewspaper edition | Subscribe to more newsletters | Asking Eric | Horoscopes | Puzzles & Games | Today in History

Chicago-area children get deportation letters: Leave or ‘the federal government will find you’

Thirteen-year-old Xally Morales stared blankly at a letter she received from the Department of Homeland Security last month. She could not read the dozens of lines in English addressed to her.

“They say I have to leave the country immediately,” the young teen whispered in Spanish, barely meeting anyone’s eyes at a Chicago law firm on a recent Friday afternoon.

Little Village buildings spray-painted with swastikas, pro-ICE statement

Swastikas were spray-painted on several buildings in Little Village over the weekend, and one building was tagged a second time with a pro-immigration enforcement statement, community members said.

Plan to upzone Broadway promises housing, divides Edgewater

In the empty sky above a grocery store parking lot, Ald. Leni Manaa-Hoppenworth can see the future.

There are more trees, more people walking. Gone is the gray asphalt that sits before her on Edgewater’s 6000 block of North Broadway. She imagines a tall building rising in its place, bustling with commercial space at the bottom.

Conservation practices needed to protect Illinois farmers as topsoil loss increases, experts say

As the deadline approaches for Congress to renew the U.S. Farm Bill, agricultural experts and farmers are calling on legislators to prioritize protecting topsoil in the Midwest and throughout the country, especially as the federal government is withdrawing from conservation initiatives.

In the wake of SNAP cuts, feeding hungry Illinoisans falls more than ever on food pantries

Natasha McClendon had $20 in her bank account and a bag of chicken in her fridge. It wasn’t going to be enough to feed her three daughters, her husband and herself, which meant it was time to take her monthly visit to the St. Sabina parish food pantry.

In the last several months, the McClendons have watched their government food assistance shrink. In December, Natasha McClendon took to shopping once a month at her church’s food pantry to keep her family fed, supplementing what she could afford from Food4Less and Jewel-Osco. But there are still days she worries her kids are hungry.

Will Pope Leo forge greater LGBTQ+ inclusion? Chicago-area Catholics pray for ‘reconciliation rather than division.’

With a mix of curiosity and a little apprehension, the man stepped inside Our Lady of Mount Carmel in East Lakeview to celebrate Mass on a recent Sunday.

It was the first time David Charles of Des Plaines had entered a church in roughly 20 years.

Chicago Bulls sign guard Yuki Kawamura — the shortest player in the NBA — to a two-way contract

The Bulls might have entered the NBA Summer League focused on rookie Noa Essengue and second-year forward Matas Buzelis, but Yuki Kawamura quickly stole the show. He averaged 10.2 points, 6.2 assists and 2.2 steals over five games of action in Las Vegas.

Chicago Bears roster breakdown: What to know about Ben Johnson’s offense heading into training camp

Coach Ben Johnson and general manager Ryan Poles have spent the last six months rebuilding the Chicago Bears offense to Johnson’s specifications. They overhauled the line and brought in several new weapons for second-year quarterback Caleb Williams.

Now it’s time to see what this looks like on the field.

The history (and mystery) of ice cream sundaes, and 6 standout Chicago-area offerings

The origin story behind the ice cream sundae comes swirled with mystery, history, as well as chocolate and even a cherry on top.

Review: ‘City in a Garden’ spans decades of local LGBTQ art and activism at the MCA

This summer in Chicago, three of the city’s most prominent art spaces are presenting major exhibitions with LGBTQ themes.

The MCA’s “City in a Garden: Queer Art and Activism in Chicago,” is a messy, exuberant gathering of painting, sculpture, photography, film and ephemera stretching from the 1980s to the present day, writes Lori Waxman.

©2025 Chicago Tribune. Visit chicagotribune.com. Distributed by Tribune Content Agency, LLC.

Older

Two heads of organizations say tax bill ‘nice’ – but not farm bill replacement

Newer

Donald Trump redoubles the pressure on Jerome Powell: who are the candidates to succeed him at the FED?

Advisor News

  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
  • Why advisors can’t afford to delay succession planning
  • 6 in 10 Americans struggle with financial decisions
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • Advocates call for hearing about Geisinger-Risant insurance condition change request
  • Tucson Speaks Out: April 5
  • El Rio taps experienced leader to oversee transition from North Country HealthCare to Elk Ridge
  • Red ink at Minnesota Blue Cross spells more Medicare Advantage troubles ahead
  • MEDICAID COST-SHARING LIMITATIONS AMENDED, ADVANCED
More Health/Employee Benefits News

Life Insurance News

  • WHAT THEY ARE SAYING: KATHLEEN COULOMBE JOINS ACU AS CHIEF ADVOCACY OFFICER
  • A-CAP Appoints Kirk Cullimore as President of Sentinel Security Life
  • Nationwide enters centennial year stronger than ever
  • AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries
  • AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet