Auto Insurance Data Spat Could Lead To Regulatory Battle In Illinois

A fight over information regarding insurer profits during the pandemic may increase state regulation.

Newly disclosed auto insurance data from throughout the pandemic has shown that insurers made excessive profits throughout that span of time, according to the Illinois Public Interest Research Group (PIRG) consumer advocacy group.

The watchdog says it is proof that the state is in need of stricter regulation of the industry.

Insurers have been fighting against the release of the auto insurance data relating to the premiums charged throughout the pandemic. That information was requested by a consumer group and state lawmaker coalition.

The coalition is seeking to determine how much money insurers made when the pandemic caused drivers to drive substantially less while locked down or working from home.