Illinois legislators are looking at ways to regulate homeowners insurance after State Farm announced it was raising rates by 27.2%.

Illinois is the only state where the state government does not have any ability to prevent indiscriminate rate hikes. Special interests in Springfield have lobbied for years to keep it this way.

State Farm's latest request includes no change in the rate hikes for rental dwellings, which are policies that protect landlords who rent out their homes. Those properties will face a 38% rate ...

Abe Scarr, Illinois Public Interest Research Group state director, said the massive increase will “impact countless families ...