Illinois bill lowers reinsurance requirements for farm mutuals
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Illinois bill lowers reinsurance requirements for farm mutuals

Illinois State Capitol

Illinois governor J.B. Pritzker signed legislation late on Friday that will lower reinsurance requirements for farm mutuals, a move that could avert a crisis for these small carriers.

The bill known as SB 765 removes a previous requirement passed in 1986 mandating that carriers purchase unlimited catastrophic reinsurance.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article