Wintrust Business Minute: State Farm raises Illinois homeowners insurance rates again

07/26/23 • -1 min

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Bloomington-based State Farm is raising Illinois homeowners’ insurance rates for the second time this year. The hike of 4.2% begins September 15. The increase will push the average premium up by $45 annually. State Farm raised rates in March by 2.4%, a $25 annual increase. Earlier this year, Northbrook-based Allstate raised homeowners’ rates in Illinois by 23% on average.

Also, Chicago commercial real estate professionals have a negative outlook for the rest of 2023. Listen for more below:

https://serve.castfire.com/audio/4142959/4142959_2023-07-26-213959.64kmono.mp3

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Also, Chicago commercial real estate professionals have a negative outlook for the rest of 2023. Listen for more below:

https://serve.castfire.com/audio/4142959/4142959_2023-07-26-213959.64kmono.mp3

Previous Episode

Wintrust Business Lunch 7/26/23 – Terry Savage: Has the Fed defeated inflation?

Nationally syndicated financial columnist and author Terry Savage joins Wendy Snyder, filling in for John Williams, to talk about the Fed and the ongoing effort to tame inflation. And as always, Terry answers all of your financial questions.

https://serve.castfire.com/audio/4142915/4142915_2023-07-26-193515.128.mp3 More with Terry Savage

Wintrust Business Lunch

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Next Episode

Wintrust Business Lunch 7/27/23: Dow streak snapped, Meta revenue rises, The Lone Buffalo in Ottawa

Segment 1: Tom Fortino, Founder and Principal, Alpha Wealth Group, joins John Williams to talk about the impressive streak that the Dow is on right now, why he believes we are not out of the recession woods, if he expects the Fed to raise interest rates again in September, and where you should think about putting your money.

Segment 2: Bree Fowler, Senior Writer, CNET, joins John to discuss a variety of stories including Meta’s revenue rising, automakers planning to nearly double the number of fast chargers in the US, and prosecutors dropping campaign finance charges filed against the cryptocurrency mogul Sam Bankman-Fried.

Segment 3: Corrina Ritchie, General Manager, The Lone Buffalo, tells John about this popular spot in Ottawa, the different components to their restaurant, what you can order from their menu, the large variety of beers they serve, how they managed business through the pandemic, and how business is going this summer.

Segment 4: Daniel de Visé, author and Pulitzer Prize-winning journalist covering American trends for The Hill, joins John to talk about new studies that show remote employees work longer and harder than their office-bound counterparts.

https://serve.castfire.com/audio/4143307/4143307_2023-07-27-192907.128.mp3