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Notice of Withdrawal of Proposed Amendments to the Illinois Insurance Department Consumer Complaints Rule

The Illinois Department of Insurance (“DOI”) has issued a notice of withdrawal of its proposed amendments to the Illinois Insurance Department Consumer Complaints Rule (50 Ill. Adm. Code 926) that were described in our...more

Flood and Wind Insurance in Hurricanes Harvey and Irma

In the wake of the destruction caused by Hurricane Harvey in Texas and with the approach of Hurricane Irma to Florida, many homeowners and businesses will be contacting their insurers with flood and wind insurance claims....more

Illinois Department of Insurance Proposes Rule on Misrepresentations and False Warranties

The Illinois Department of Insurance (“DOI”) has issued a notice of proposed rules to create 50 Ill. Adm. Code 941 regarding misrepresentations and false warranties. A previous version of the proposed rule was proposed in...more

Illinois Treasurer Holds Statewide Hearings on Life Insurers that Do Not Pay Death Benefits

Illinois State Treasurer Michael Frerichs has called for statewide hearings to educate the public on how life insurance companies avoid paying death benefits. The first hearing is scheduled for August 17th in Normal,...more

Proposed Illinois Bill would Prohibit the Use of Price Optimization by Illinois Insurers

The Illinois Legislature has a bill pending in the House Rules Committee that would ban the use of price optimization by insurers. Price Optimization is the practice of setting premiums based on factors that are not tied to...more

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