SPRINGFIELD, Ill. -- The Illinois House rejected a bill Thursday that would have given the state Department of Insurance authority to regulate homeowners' insurance rates.
Gov. JB Pritzker had called for the legislation in July after State Farm Insurance announced it was raising rates for property and casualty insurance in Illinois an average 27.2%.
The company attributed that hike to losses it sustained from weather-related disasters in Illinois. But Pritzker and legislative leaders suggested the company was shifting the cost of disasters in other states onto the backs of Illinois consumers.
"As states across the country face even more extreme weather than we do, we need to make sure Illinois homeowners are not paying for losses that companies experience in other states," Pritzker sai

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