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August 23, 2025 Property and Casualty News
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WEEK IN ILLINOIS

Staff WriterJournal Gazette & Times-Courier

In the News

Insurers defend rates

Insurance industry officials testifying before a state Senate committee defended recent homeowners insurance rate spikes this week, blaming such factors as inflation and climate change while warning that attempts to regulate their ability to set rates would be bad for consumers.

NONPROFITS: Gov. JB Pritzker vetoed a bill that would have allowed state Treasurer Michael Frerichs' office to create an investment pool for Illinois nonprofits, saying the program could be exploited by extremist groups.

DISTRICT MAPS: A group of former Obama administration officials and election lawyers announced Tuesday they are attempting to reform the way the state draws district maps for the state legislature with a ballot initiative for a constitutional amendment.

CONGRESS RUN: Carroll County Board Chair Julie Bickelhaupt launched her campaign for the 2026 Republican nomination in Illinois' 17th Congressional District, held by Rep. Eric Sorensen, touting her roots as a farmer and perspective as a mother.

BILLS SIGNED: The governor signed 266 laws, including measures to make public defenders more independent, tighten safety regulations at warehouses and increase the age for required annual driver tests.

BALLY'S: Bally's Chicago announced it has completed its $250 million initial public offering, adding 1,800 individual investors to the project, but falling short of its fundraising goals.

In the News

State sues feds for victim aid

Attorney General Kwame Raoul has joined a multistate lawsuit seeking to block the Trump administration from withholding federal funding to support crime victims in Illinois due to the state's policy on immigration.

NORTHWESTERN: Northwestern has reached a settlement with former football coach Pat Fitzgerald nearly two years after he sued the university for $130 million following his firing amid a team hazing scandal.

ELECTION DATA: The U.S. Department of Justice is insisting Illinois election officials hand over the state's entire computerized voter registration database, including sensitive information such as driver's license and partial Social Security numbers.

HARMON: Senate President Harmon has appealed a $10 million fine levied by Illinois State Board of Elections for improper campaign contributions.

RENTAL AID: Illinois' court-based rental assistance program reopened July 31 with $50 million of state money available after federal funding ended.

NASCAR: While NASCAR is bypassing the Chicago Street Race next summer, it is filling the void on the schedule with a Cup Series race during July Fourth weekend at the long-dormant Chicagoland Speedway in Joliet.

CANCER CARE: UChicago Medicine hopes to expand its cancer care across the country, starting with its first affiliation, with AdventHealth Cancer Institute Shawnee Mission in the Kansas City area.

They said ...

Good fashion feels like the textures that send tingling sensations through your fingers."

— Beautiful Lives Project co-founder Bryce Weiler, who has been blind since birth I've talked to people in Iowa and I've talked to people in California. They love the idea that politicians are not drawing their maps. And if you look at their maps, they're compact and contiguous. And people like that."

— Former U.S. Transportation Secretary Ray LaHood No matter how many times I fall … I always get up."

— Angel Santiago, on the return of his stolen emotional support dog Odds and ends

PROUD BOYS: After widespread community opposition, the Proud Boys recruitment billboard that was put up near a high school in Clinton County was removed Tuesday.

RETURNED DOG: Bam Bam, a 14-year-old emotional support dachshund reported stolen in June, was returned Tuesday to his legally blind owner in Chicago's Logan Square.

JACK IN THE BOX: Jack in the Box, which exited the Chicago market four decades ago, returned last month to open the first of eight company-owned restaurants, a converted Arby's in Plainfield that continues to draw long lines.

The water cooler

IMMIGRANT PRIESTS: Two Catholic priests from Togo and Mexico who have been serving the poor at an Evanston parish may have to leave the U.S. because ICE is behind processing updates for their visas.

BLACKHAWKS: A former PR manager for the Chicago Blackhawks filed a discrimination lawsuit against the team this week, alleging he was wrongfully fired after sharing his experiences as a gay man in Outsports.

AMEREN: Citizens will be able to comment on Ameren Illinois' proposed $134 million gas rate increase at events Aug. 27 in Springfield and Aug. 28 in East St. Louis.

Older

Insurance industry blames inflation, climate change for rate hikes

Newer

Powell signals Fed may cut rates soon even as inflation risks remain

Advisor News

  • Using digital retirement modeling to strengthen client understanding
  • Fear of outliving money at a record high
  • Cognitive decline is a growing threat to financial security
  • Two lessons career changers wish they knew before starting the CFP journey
  • Americans less confident about retirement as worries grow
More Advisor News

Annuity News

  • CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace
  • Axonic Insurance Annuities, Built for Banks, Broker-Dealers and RIAs, Now Available through WealthVest.
  • Allianz Life Adds New Accumulation-Focused Fixed Index Annuities
  • Allianz Life adds new accumulation-focused FIAs
  • Industry objects to ‘tone and tenor’ of draft NAIC Annuity Buyer’s Guide
More Annuity News

Health/Employee Benefits News

  • Georgia’s ACA enrollment plunges, raising concerns for rural hospitals
  • Pending cuts to Georgia Medicaid payments could affect children who need therapy
  • Orange schools, teachers union at impasse over health insurance
  • Miami judge sides with cancer patient, orders insurer to cover pricey treatment
  • SULLIVAN, WHITEHOUSE INTRODUCE LEGISLATION TO HELP BLIND AMERICANS RETURN TO WORK
More Health/Employee Benefits News

Life Insurance News

  • Agam Capital and 1823 Partners Announce Strategic Partnership to Provide Life Insurers with an End-to-End Value Chain Solution
  • AM Best Revises Outlooks to Positive for Western & Southern Financial Group, Inc. and Its Subsidiaries
  • Principal Financial Group Announces First Quarter 2026 Results
  • SBLI Enhances its OmniTrak Term to Deliver Faster Decisions, More Client Coverage, and Improved Pricing
  • Life insurance premium surges, but coverage is still falling short for many
More Life Insurance News

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