Illinois Quick Hits: Home insurance regulations approved by Illinois Senate
(The Center Square) – A bill to regulate homeowners insurance rates will be up for consideration in the Illinois House after it cleared the state Senate on Wednesday.
An amended version of House Bill 4273 prohibits home insurers from raising premiums by more than ten percent without at least 60 days notice, bans “excessive or discriminatory” rates and gives the Illinois Department of Insurance more regulatory authority.
State Sen. Dave Syverson, R-Cherry Valley, said increased regulation has historically led to higher rates for consumers.
SMALL BIZ OPTIMISM REMAINS BELOW AVERAGE
The NFIB Small Business Optimism Index rose 0.1 points in April to 95.9, below its 52-year average of 98.0 for the second consecutive month.
The Uncertainty Index fell 4 points to 88, remaining well above its historical average of 68.
NFIB Illinois State Director Noah Finley said small businesses need tax and regulatory relief, not higher costs or regulatory burdens from Springfield.
CHICAGO MAYOR TO MEET POPE LEO XIV
Chicago Mayor Brandon Johnson says he is going to meet Pope Leo XIV in Rome later this month. NBC 5 Chicago reported that the mayor’s first visit with the Chicago-born pope is set for May 28. The mayor said he would thank the pontiff for his moral clarity.
Chance Showers And Thunderstorms
Latest News Stories
U.S. rep.: Mexico still not delivering water to South Texas, despite claims
Supporters say will storage option would streamline judicial process
Dallas Fed: Geopolitical conflicts creating uncertainty for U.S. oil and gas industry
Illinois Quick Hits: Pritzker pushes for E15
Lincoln-Way West Blanks Rival Lincoln-Way Central 10-0 in WJOL Tournament
Southside (AL) Outlasts Lincoln-Way West 6-4 Despite Howard’s Power Surge
Manhattan School District Adopts BoardBook Premier to Digitize Meetings and Enhance Public Transparency
Local Farmer Pitches Farmland Preservation Program to Combat Will County Industrialization
Trump addresses nation on Iran strikes; signals conflict nearing end
IL biometrics privacy reforms apply to past cases, too: Appeals court
Artemis II heads to the moon with first crewed mission since 1972
Pro-life org to Trump: Taxpayers should not be forced to fund killing of unborn children
Birthright citizenship advocates confident in SCOTUS hearing
College funding bill draws dissent from big Illinois universities
