IIA Blog

Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.


Poor credit making it hard to buy homeowners insurance?

Jul 26, 2017, 8:39 AM

Many insurance companies use credit-based insurance scores as an eligibility and/or pricing tool. A credit-based insurance score uses credit history to calculate loss probability. Insurers have identified a statistical relationship between credit and claim history. Those with good credit tend to have fewer claims, and in turn pay less for insurance.

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Avoid driving while drowsy.

Jul 19, 2017, 4:49 AM

Drowsiness is a condition that sneaks up on drivers and compromises their ability to safely operate the motor vehicle. Research confirms sleepy motorists take longer to react, pay less attention to the roadway, and have diminished decision-making skills. These risky behaviors contribute to numerous auto accidents.

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Should a retired person without debt cut back on life insurance?

Jul 5, 2017, 6:23 AM

Life insurance provides financial stability for surviving loved ones. Beneficiaries typically use life insurance proceeds to maintain a standard of living, pay debt, fund college, etc. These needs at seem less urgent once the house is paid for, but going without life insurance may be unwise.

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