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State Farm’s 27% Rate Hike Sparks Pushback in Illinois

State Farm is set to raise Illinois homeowners insurance rates by 27% starting August 15, citing inflation, rising repair costs, and $638 million in hail damage claims last year. Governor JB Pritzker and the Illinois Department of Insurance are pushing back, demanding...

New FL Bill Offers Tax Deduction for Flood Insurance

Florida Sens. Rick Scott and Ashley Moody introduced the Flood Insurance Relief Act, which would provide a nonrefundable tax deduction on flood insurance premiums paid through the National Flood Insurance Program or private insurers. The measure is part of Scott’s...

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