Flood Insurance Is Getting More Expensive In Illinois

State Farm will raise home insurance premiums for new and current Illinois customers starting mid-July, saying it’s getting too expensive. In 2024, the company said it paid out more in claims than it collected in premiums. Illinois residents will see an average increase of 27%. Reset hears how this could affect residents, with Nedra Sims-Fears, executive director of the Greater Chatham Initiative, and Kaila Lariviere, manager of Chicago’s Office of Emergency Management and Communications. For a full archive of Reset interviews, head over to wbez.org/reset.