(The Center Square) – House Bill 4611, another measure that is of priority of the Illinois Secretary of State, has stalled. The measure limiting factors that auto insurers can use to set rates didn’t advance before last week’s deadline.
Secretary Alexi Giannoulias responded to concerns that the measure he’s supporting will raise auto insurance rates on senior drivers.
“When we learned people are paying more for car insurance based on their credit scores and zip codes, that sounds fundamentally discriminatory and unfair, but maybe there’s a good reason for it. So we reached out to insurance companies and asked, ‘what are the reasons why insurance rates are not based on the way they drive but where they live?’ We weren’t given satisfactory answers,” said Giannoulias. “They also did not deny that people who live in poor neighborhoods are paying more.”
State Rep. Jeff Keicher, R-Sycamore, who Giannoulias pointed out
Read more…
