Insurance Executive: State Is a 'Catastrophic Debacle'

Not only are Illinois lawmakers not willing to lower workers’ compensation costs, but Democrats are pushing measures that would place price controls on premiums and put the state in the insurance business, reform advocates said Thursday. “Illinois is a catastrophic debacle right now,” said Steve Schneider, Midwest region vice president for the American Insurance Association. “In the last five days, legislators passed a retroactive massive income tax hike with no support from the Republicans or governor. That’s not my issue, obviously, but it colors the entire env...