In a split decision, an Illinois appeals panel has stripped Allstate Insurance of its defenses against a class action, which alleged the company unfairly billed long-term auto policyholders more than it charged new ones, saying Illinois insurers can’t protect their rates from lawsuits, because their rates are not controlled by the Illinois Department of Insurance.
Illinois Department of Insurance News
California's largest pension system is being sued over its failure to list whether its members have retired on a disability pension.
CAHOKIA – Pension benefits for former Cahokia police chief Rick Watson, now St. Clair County sheriff, were boosted by 33 percent in his last 35 days as chief, according to records of the trustees and the state insurance commission.
East St. Louis’ police and fire pension funds experienced large funding shortfalls in 2016, putting the city at risk of revenue garnishment from the state comptroller’s office.
It’s no secret there’s a lot wrong with Illinois. Abraham Lincoln’s birthday, Feb. 12, is an annual reminder of how far the state has drifted away from the virtues of its most illustrious lawmaker.
In one year, Illinois' pensions added more debt than 25 U.S. states' entire budgets.
Strange things happen in cartoons – things that could never happen in real life, things that are physically impossible – but cartoon lovers know that and delight in the alternate “reality.” The absurd goings-on are an essential part of animated humor.
With much of the state's financial crisis being blamed on under-funded public pensions, wouldn't it be great if ordinary taxpayers could see exactly what condition the funds they support are in?