Illinois: Legislative Impasse Continues, One-Month Budget Passed

Acrimony and accusations between the legislative and executive branches prevail in Illinois, but the Legislature and Gov. Rod Blagojevich agreed to pass a 30-day budget last week. Yet, according to NAMIC’s state trade partner, the Illinois Insurance Association, there appears to be little future agreement on a budget for 2008. The Legislature was supposed to have passed a budget for 2008 and adjourn no later than May 31.

After passing the stopgap budget, the Legislature adjourned until after the July 4 holiday week.

Direct questions to NAMIC State Affairs Manager Tami Stanton.

Posted: Tuesday, July 03, 2007 12:00:00 AM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.