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flag Illinois governor urges action on State Farm's 27.2% homeowners insurance rate hike.

flag Illinois Governor JB Pritzker urged state legislators to act after State Farm announced a 27.2% increase in homeowners insurance rates. flag With no effective measures to control excessive rates, lawmakers are considering a rate review process that would allow state officials to examine insurance companies’ practices. flag A bill filed in January could serve as a foundation for new regulations to prevent unfair rate hikes.

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