Recent News About Illinois Department of Insurance View More
In a split decision, an Illinois appeals panel has stripped Allstate Insurance of its defenses against a class action, which alleged the company unfairly billed long-term auto policyholders more than it charged new ones, saying Illinois insurers can’t protect their rates from lawsuits, because their rates are not controlled by the Illinois Department of Insurance.
Judge rejects 'totally implausible' kickbacks accusation leveled by state vs mortgage reinsurer, lenders
Calling the allegations “totally implausible,” a Chicago federal judge has tossed a lawsuit brought by the state of Illinois against Bank of America and a mortgage insurance company, which had accused the lender and insurer of working in a scheme to maximize their own profits by dumping high default risk onto another mortgage insurer, leaving borrowers unaware their mortgage insurance premiums were higher than they should be.
The mayor of a small suburban community west of Chicago thinks the village was unfairly “singled out” for underfunding police and fire pensions in the years during the recession when revenue was low.