Insurers speak out against after new rating law proposal

Insurers speak out against after new rating law proposal

Illinois insurance industry leaders are speaking out against a new credit rating bill they say could lead to higher rates for drivers. The American Property Casualty Insurance Association (APCIA), the Illinois Insurance Association (IIA) and the National Association of Mutual Insurance Companies (NAMIC) jointly issued a statement opposing HB2203, also known as the Rate Regulation…

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