INSURASALES

Tag: Illinois insurance

Illinois Bill 2691 Proposes Study on Nondriving Factors in Insurance Pricing

Illinois Senate Bill 2691 mandates a study by the Department of Insurance on the impact of nondriving factors like credit scores and occupations on insurance premiums, aiming to enhance transparency and fairness in rate setting by 2027.

Illinois Seeks Limits on Socioeconomic Data in Auto Insurance Pricing

Illinois explores restrictions on using socioeconomic data in auto insurance pricing, prompting industry pushback and regulatory debate on fair risk assessment and market stability.