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No driver needs to — or ought to — pay a better worth for auto insurance coverage than is critical. Lawmakers in our state have an opportunity to make it possible for doesn’t occur, and it’s as much as them to be sensible concerning the particulars.
Beneath the proposed HB 2203, launched final week by state Rep. Will Guzzardi and state Sen. Javier Cervantes, the state’s Division of Insurance coverage can be given broad authority to control auto insurance coverage fee hikes.
Tons of of tens of millions are at stake for Illinois drivers, who noticed auto insurance coverage premiums enhance by greater than $1.1 billion in 2022, the Illinois Public Curiosity Analysis Group reviews. Insurers additionally racked up $896 million in extra income through the first yr of the pandemic — when driving declined, although insurers level out that unsafe driving and accidents elevated.
Lawmakers should totally vet the proposal to ensure any new regulation helps shoppers proceed to profit from strong competitors amongst insurers.
For instance, we see no cause why Illinois ought to proceed to be one of some states that doesn’t prohibit insurance coverage charges which can be “extreme, insufficient or unfairly discriminatory.” The proposal would rightly repair that.
And like many shoppers, we’re not satisfied that non-driving elements — comparable to gender, credit score rating, sort of job or revenue — ought to play a job in setting insurance coverage premiums. Insurers level out that almost all states nonetheless enable the usage of such socioeconomic elements. Driving historical past “shouldn’t be the be-all, end-all,” Jeffery Brewer of the American Property Casualty Insurance coverage Affiliation informed us.
Perhaps not. However why ought to girls, as an illustration, pay extra for premiums than males, because the Solar-Occasions’s Stephanie Zimmerman reported again in 2019?
States have begun to ban the usage of varied socioeconomic elements in insurance coverage pricing— ‘‘It’s a problem that’s flown below the radar till not too long ago,” as Michael DeLong of the Client Federation of America informed us.
Let insurers make their case to lawmakers on this entrance. If the proof for this apply holds as much as scrutiny, so be it. If not, Illinois ought to comply with these different states’ lead.
Legislators also needs to tread correctly with two different provisions: giving the state authority to approve or reject fee hikes and to impose hefty charges on insurers — which can undoubtedly get handed on to clients — to fund implementation of the regulation. A dozen states now require prior fee hike approval, whereas others have lesser oversight, comparable to limits on fee hikes.
Illinois has a strong insurance coverage market now, with over 200 corporations — probably the most of any state — doing enterprise right here. Charges have historically been beneath the nationwide common, based on information from the Nationwide Affiliation of Insurance coverage Commissioners.
Our state ought to be certain charges stay as low — and honest — as potential.
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#10 Illinois faces #2 Iowa in Iowa City, Iowa, on Friday, January 17 at 6 p.m. CT. Follow along here for live updates from the dual.
Probable Match-ups
125: Caelan Riley, SO vs #28 Joey Cruz, SO
133: #2 Lucas Byrd, SR vs #3 Drake Ayala, JR
141: #17 Danny Pucino, SR vs #21 Ryder Block, FR, 2-2 or Jace Rhodes, SO, 5-2 or Cullan Schriever, SR, 3-5
149: #15 Kannon Webster, FR vs #3 Kyle Parco, SR
157: #22 Jason Kraisser, SR vs Miguel Estrada, FR
165: #15 Braeden Scoles, FR vs #2 Michael Caliendo, JR
174: #19 Danny Braunagel, JR vs #5 Patrick Kennedy, JR
184: #13 Edmond Ruth, SR vs #5 Gabe Arnold, FR or Angelo Ferrari, FR
197: #13 Zac Braunagel, SR vs #1 Stephen Buchanan, SR
285: #11 Luke Luffman, SR vs #13 Ben Kueter, FR
Local News
A GoFundMe page has raised more than $5,000 to assist with memorial service costs for a West Springfield woman who was found dead earlier this month in Springfield’s Forest Park.
Joann Garelli, 56, was found dead Jan. 7 in the Camp Star Angelina area of Forest Park, according to a Facebook post from Hampden District Attorney Anthony Gulluni.
Garelli’s death is currently under investigation by the Hampden District Attorney’s Office and the Springfield Police Detective Bureau’s Homicide Unit.
Andrew Santiago created the GoFundMe page to help his wife, Elizabeth Herd, pay for her mother’s memorial service, according to the page. On the page, Santiago called for an end to violence against women.
“[T]he violence and abuse of women are not taken seriously and we all need to come together as one to help prevent these attacks on women!” Santiago wrote.
The page was created Jan. 9 and will remain open until Garelli’s memorial service, which is scheduled to be held Jan. 21.
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SPRINGFIELD, Ill. – A controversial bill aimed at tightening restrictions on hemp products in Illinois failed to gain traction in the state legislature, leaving the future of the industry in limbo.
Illinois House Bill 4293 sought to impose strict licensing requirements on hemp businesses, similar to those for cannabis dispensaries.
What we know:
Governor JB Pritzker supported the bill, calling it a priority to address concerns about unregulated hemp products like Delta-8, which can produce a psychoactive effect.
Critics, however, argue that the proposed regulations would disproportionately impact small businesses. The Illinois Black Hemp Association raised concerns about high licensing costs and lengthy approval processes, warning that many entrepreneurs could be forced out of the market.
What they’re saying:
“I found that it helped me out in a wellness perspective but also saw it as an opportunity to create generational wealth in the Black community,” said Sam Wilson of the Illinois Black Hemp Association. “Unfortunately, now that dream is in jeopardy because the American dream is under attack and is under attack by our billionaire governor.”
For small business owners like Misty Nelson, who runs Sunkissed Greenz in Mokena, hemp is essential. She and her husband started their business in 2020 using their pandemic stimulus checks and now rely on hemp sales for 40% of their profits.
“If there’s a complete ban, our small business would go up in smoke,” said Nelson, who supports regulating Delta-8 rather than banning it outright. “We want to protect children, too. Instead of a ban, we’d like regulations that ensure safety while letting our clientele access natural remedies for sleeping, pain, and anxiety.”
Some lawmakers agree that regulation, not prohibition, is the way forward. State Representative La Shawn Ford supports age restrictions similar to those for tobacco and cannabis.
“We definitely need to regulate Delta products,” Ford said. “If we passed that today, I would be very happy.”
What’s next:
The Delta-8 issue of whether to regulate, ban, or not change anything is expected to return when the new General Assembly convenes.
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