rate pre-approval News

The Illinois General Assembly has passed a bill that requires the pre-approval of workers’ compensation insurance rates by the Illinois Department of Insurance. The legislation also “permits sensible corporate restructuring for insurers and reinsurers,” according to the American Insurance Association. …

Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require insurers to submit rates to the Illinois …