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Illinois bill regulates insurance rate hikes, blocking excessive increases and mandating rebates.
Illinois lawmakers passed a bill regulating home and auto insurance rate increases, requiring insurers to provide 60 days' notice and allowing the state to block excessive hikes and mandate rebates.
The bill moves to the Senate, where it faces opposition from lawmakers and the insurance industry who warn it could reduce competitiveness and drive insurers out of the state.
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El proyecto de ley de Illinois regula los aumentos de las tasas de seguros, bloqueando aumentos excesivos y ordenando descuentos.