BLOOMINGTON, Ill. - Bloomington-based State Farm insurance is essentially laying off workers as it switches to an outside entity that will manage its .
Insurance industry consultants say there are record numbers of unfilled jobs in that part of the business sector. Analyst Greg Jacobson, of the talent search firm The Jacobson Group, said insurance carrier total employment right now is about 1.56 million people, down 85,000 from two years ago.
Given the rising costs of gas, food and utility bills, state legislators are looking for ways to help their constituents. One way to do that would be to give the Department of Insurance tools to protect car insurance customers.
A consumer advocacy group says newly disclosed data show that auto insurers made excessive profits during the pandemic – and that it’s proof that Illinois needs to regulate the industry more tightly.