Category: Insurance

Hastings’ insurance reform legislation passes Senate in Springfield

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Hastings’ insurance reform legislation passes Senate in Springfield

Hastings’s insurance reform legislation passes Senate in Springfield State Senator Michael E. Hastings advanced legislation designed to protect homeowners from excessive insurance rate increases and ensure fairness, transparency and accountability in Illinois homeowners insurance. “With this legislation, we are putting fairness and accountability back into the system,” said Hastings (D-Frankfort). “Here is what this means…

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Business, Government, Illinois Legislature, Insurance, Michael Hastings, News, NewsWire, Senator Michael Hastings, Suburban Chicagoland

Hastings announces legislation to ensure fair homeowners insurance rates for Illinois families

Posted on By Ray Hanania No Comments on Hastings announces legislation to ensure fair homeowners insurance rates for Illinois families
Hastings announces legislation to ensure fair homeowners insurance rates for Illinois families

Hastings announces legislation to ensure fair homeowners insurance rates for Illinois families State Senator Michael E. Hastings was joined at a press conference Wednesday by Senators Willie Preston, Paul Faraci, Meg Loughran Cappel, Christopher Belt, and Doris Turner to announce new legislation designed to protect homeowners from excessive insurance rate increases and ensure fairness, transparency,…

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Business, Economy, Government, Illinois Legislature, Insurance, Michael Hastings, News, NewsWire, Senator Michael Hastings

Senator Michael Hastings reacts to Illinois’ State Farm lawsuit

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Senator Michael Hastings reacts to Illinois’ State Farm lawsuit

Senator Michael Hastings reacts to Illinois’ State Farm lawsuit SPRINGFIELD — State Senator Michael E. Hastings (D-Frankfort) released the following statement in response to Attorney General Kwame Raoul’s lawsuit against State Farm, which claims the firm is breaking the law by refusing to turn over homeowners’ insurance data to the state for regulatory examination: “The…

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Hastings: Families deserve a heads-up before major insurance increase

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Hastings: Families deserve a heads-up before major insurance increase

Hastings: Families deserve a heads-up before major insurance increase State Senator Michael E. Hastings has introduced Senate Bill 2699, legislation that would require insurance companies to provide advance written notice to consumers before imposing significant rate increases on home or auto insurance policies. “Consumers deserve to know when a rate increase is coming so they…

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Business, Frankfort, Insurance, Michael Hastings, News, Senator Michael Hastings

Hastings files legislation to combat ‘cost shifting’ practices in insurance rate setting

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Hastings files legislation to combat ‘cost shifting’ practices in insurance rate setting

Hastings files legislation to combat ‘cost shifting’ practices in insurance rate setting In the wake of insurance rate hikes throughout Illinois, State Senator Michael E. Hastings has filed legislation aiming to prohibit insurance companies from engaging in “cost shifting” and to strengthen protections for Illinois consumers against unfair insurance rates. “Cost shifting is fundamentally unfair,”…

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Insurance, Michael Hastings, News, NewsWire, Senator Michael Hastings

Hastings introduces bill to protect consumers in insurance rate setting

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Hastings introduces bill to protect consumers in insurance rate setting

Hastings introduces bill to protect consumers in insurance rate setting State Senator Michael E. Hastings has introduced Senate Bill 2691, legislation that would examine whether Illinois families are paying unfairly high premiums due to nondriving factors that have little to do with actual risk on the road or in the home. “Families in Illinois deserve…

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Illinois Legislature, Insurance, Michael Hastings, News

Denied Insurance Claims: Where Car Owners are Being Rejected, Expert Suggests Solutions 

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Denied Insurance Claims: Where Car Owners are Being Rejected, Expert Suggests Solutions 

Denied Insurance Claims: Where Car Owners are Being Rejected, Expert Suggests Solutions  Insurance companies reject car owner claims: 5-15% of auto insurance claims are denied annually in the U.S.; California, Texas, and Florida lead the nation with the highest volume of denied claims; Common reasons for denial include insufficient or inaccurate information, policy lapses, and…

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