<p>After a year of negotiations and failed proposals, the state legislature has passed two bills aimed at <a class="Link" href="https://chicago.suntimes.com/springfield/2026/05/22/illinois-general-assembly-home-auto-insurance-regulation-legislation-explainer" >clamping down</a> on insurance rate hikes. The measures now await approval from Gov. JB Pritzker, who has been a vocal supporter of the legislation.</p><p>The bills require companies to notify policyholders long before any rate increases of 10% or more, and to give the state's Department of Insurance authority to review and block unfair hikes.