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Illinois Toughens Insurance Rules | Chicago News

Illinois Toughens Insurance Rules | Chicago News

Published 5 days, 6 hours ago
Description

Illinois just cracked down on insurance companies with new laws designed to stop unfair rate hikes—giving homeowners 60 days’ notice for big increases and empowering regulators to challenge car insurance spikes. But insurers warn this could backfire, raising costs and shrinking choices. A tough balancing act for consumers.

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