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Insurance

Think your auto insurance rates are too high? Legislation could give Illinois consumers a break

By Marni Pyke
Mar 29, 2026 12:15 pm - Senate considers insurance reform bill to curb excessive auto and home rate increases, but industry warns it will do the opposite.
Insurance bill combining homeowners and auto regulation passes Illinois House, awaits Senate action

By PETER HANCOCK
Mar 24, 2026 3:15 pm - A bill giving the Illinois Department of Insurance authority to review and regulate premiums for both auto and homeowners insurance passed the House March 19 and now awaits Senate action. The bill would prohibit “excessive, inadequate, or unfairly discriminatory” premiums.
Greg Abel praises Warren Buffett and promises Berkshire Hathaway won’t retreat from investing

By JOSH FUNK
Mar 02, 2026 3:13 pm - Greg Abel paid tribute to his predecessor Warren Buffett while promising in his first shareholder letter that Berkshire Hathaway won’t retreat from investing or make significant changes in the way it operates.
Bill to regulate homeowners insurance rates crops up again in Springfield

By Peter Hancock
Feb 14, 2026 12:15 pm - Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control the rising cost of homeowners insurance.
Health subsidies expire, launching millions of Americans into 2026 with steep insurance hikes

By ALI SWENSON
Jan 01, 2026 4:05 pm - Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired Dec. 31, cementing higher health costs for millions of Americans at the start of the new year.
How the end of extra Affordable Care Act subsidies could affect you

By Paige Winfield Cunningham and Peter Whoriskey
Dec 22, 2025 11:54 am - Extra subsidies that made Affordable Care Act plans more affordable for millions of Americans for the past five years are all but guaranteed to vanish on New Year’s Day.
Lawmakers must prioritize good policy over destructive politics

By Elliot Richardson
Nov 08, 2025 1:27 pm - In Illinois, politicians concluded their legislative year during the fall veto session, and they did not do nearly enough to support small businesses.
Bill to regulate homeowners’ insurance rates fails on final day of veto session

By Peter Hancock
Nov 04, 2025 2:06 pm - A bill that failed on the House floor would have given state insurance regulators authority to review and approve rates charged for homeowners’ insurance in Illinois. The legislation was proposed following State Farm’s announcement in July of a 27.2% rate hike. The bill passed the Senate but failed in the House on the final day of lawmakers’ fall veto session. That means if supporters want it to be reconsidered, they will have to introduce a new bill in the next legislative session, which begins in January.
This open enrollment might give you sticker shock

Lisa Jarvis
Oct 29, 2025 10:03 am - Americans embarking on the annual task of sifting through the health plans offered by their employers to find the one that gives them the most bang for their buck are facing a new reality: many of those options no longer feel affordable. This year, the process isn’t just complex or confusing — it’s painful.
What to know as the annual signup window for health insurance arrives

By Tom Murphy
Oct 29, 2025 10:02 am - Higher prices, less help and a government shutdown all hang over health insurance markets as shoppers start looking for coverage this week.

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