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FIAI

@FinInclusionIL

Advocating for the tools families need to build financially secure futures. Project of @heartlandhelps.

 Chicago, IL
financialinclusionforall.org
Joined May 2011
  • Tweets3.7K
  • Following1.1K
  • Followers1.1K
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Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)Photo by FIAI (@FinInclusionIL)
Fight over COVID auto insurance data might set the stage for broader regulatory fight in Illinois wglt.org/local-news/2022-07-…
Fight over COVID auto insurance data might set the stage for broader regulatory fight in Illinois

Fight over COVID auto insurance data might set the stage for broader regulatory fight in Illinois

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.

wglt.org
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“We didn't need more evidence that Illinois car insurance customers deserve stronger protections, but here it is.” @abescarr chicagobusiness.com/insuranc… via @crainschicago
Allstate buys back stock at torrid pace as calls for COVID rebates intensify

Allstate buys back stock at torrid pace as calls for COVID rebates intensify

Illinois' second-largest auto insurer spent $3.3 billion buying back shares last year, a level they haven't reached since 2007.

chicagobusiness.com
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What's @Allstate doing with that COVID windfall instead of providing more relief to policyholders? Buying back stock chicagobusiness.com/insuranc…
Allstate buys back stock at torrid pace as calls for COVID rebates intensify

Allstate buys back stock at torrid pace as calls for COVID rebates intensify

Illinois' second-largest auto insurer spent $3.3 billion buying back shares last year, a level they haven't reached since 2007.

chicagobusiness.com
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.@ChiPubSchools is hosting #BackToSchool fairs across the city to distribute 40,000 backpacks with school supplies, provide opportunities to receive the COVID-19 vaccine and offer COVID-19-related information. Don't miss out on the resources you need for a successful school year!
Image from Jacqueline Collins (@senatorjacqui)
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Following action from @CFPB, the 3 largest credit reporting agencies are changing the way medical debt is reported. This will greatly benefit people of color, low-income earners & ppl w/ disabilities. More in Health Policy Minute bit.ly/3ytL4jN >> via @CommCatHealth
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Auto insurers in Illinois have pulled in the dough during the pandemic, newly-released data shows. And the money that boosted their bottom lines often far outpaced the "pandemic relief" refunds insurers ballyhooed in the first months of the pandemic. bit.ly/3bMxm3R
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📢📢 Spread the word about this opportunity from our friends at @WomenEmployed to share experiences about paid family leave, child care and other #RaisingIllinois priorities!
Women Employed (@WomenEmployed) profile pictureWomen Employed@WomenEmployed2 Jul 2022
WE are conducting a survey of women workers to learn about their paid sick time, paid leave, childcare, and COVID experiences. All who the complete a survey will be entered into a raffle for a $25 Amazon gift card. Visit ow.ly/wLh650JCFRi to complete the survey today!
Image from Women Employed (@WomenEmployed)
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Car insurers’ pandemic windfalls: Illinois insurers could have given you bigger refunds, maintained same profits @SZReports chicago.suntimes.com/2022/7/…
Car insurers’ pandemic windfalls: Illinois insurers could have given you bigger refunds, maintained...

Car insurers’ pandemic windfalls: Illinois insurers could have given you bigger refunds, maintained...

How much insurance companies collected — and how much more they could have given back to drivers.

chicago.suntimes.com
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Auto insurers raked it in during pandemic as drivers kept cars parked chicagobusiness.com/insuranc… via @crainschicago
Auto insurers raked it in during pandemic as drivers kept cars parked

Auto insurers raked it in during pandemic as drivers kept cars parked

Allstate, Progressive and Geico saw hundreds of millions more in profits than they would have normally, even after their modest rebates.

chicagobusiness.com
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I am appalled that these companies overcharged families sheltering at home and call on the insurers to issue additional refunds promptly. This is particularly important in Black communities, where auto insurers indiscriminately charge higher rates. chicagobusiness.com/insuranc…
Auto insurers raked it in during pandemic as drivers kept cars parked

Auto insurers raked it in during pandemic as drivers kept cars parked

Allstate, Progressive and Geico saw hundreds of millions more in profits than they would have normally, even after their modest rebates.

chicagobusiness.com
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The monthly child poverty rose to 16.6 percent in May, levels similar to those seen earlier this year in the wake of the expiration of the monthly expanded Child Tax Credit payments at the end of 2021. Poverty is a policy choice. bit.ly/3ue22S9
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Share! Nominate! Apply! 🎨 Help us spread the word about our $20K narrative change fellowship opportunity for Chicagoland artists. - mailchi.mp/economicsecurityi… #PowerofCash #GuaranteedIncome
Image from Economic Security for Illinois (@EconsecureIL)
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Unfortunately, IL regulators lack key powers to protect insurance customers. IL regulators have no power to block or modify insurance rate hikes -- or to mandate reductions or refunds -- as regulators do in other states. IL law does not even prohibit "excessive" rates
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The data from @IL_Insurance came in response to a January request from @IllinoisPIRG @ConsumerFed @FinInclusionIL @IMPACTHeartland @ChiUrbanLeague @WoodstockInst @shrivercenter @NewAmericaChi Chicago Legal Action, & 16 state Senators, led by @senatorjacqui🙌
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Yasmin Farahi of @CRLONLINE tells the Midwest Asset Building Conference that there have been some exciting developments to #StopTheDebtTrap in the Midwest like in NE, SD, & IL but also increased efforts in some states (like IN) to expand dangerous predatory lending.
Image from Indiana A&O Network (@INAssetNetwork)
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Excited for two in-person gatherings with fellow Midwesterners this week, with @NACEDAtweets’ Midwest Caucus and the #MABC22 both in Saint Paul. Looking forward to great conversations about setting the bar high for community economic development and asset-building in the Midwest! – at Indianapolis, IN
Image from Andrew Bradley (@AndrewBradleyUS)
Image from Andrew Bradley (@AndrewBradleyUS)
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"A federal guaranteed income program would reduce the systemic disadvantages women of color face in our economic system that was created by and for rich white men." ow.ly/lMFw50JIXyY

The Differences Between UBI and Guaranteed Income Reveal the Importance of Equity

Guaranteed income programs like Magnolia Mother’s Trust focus on low-income Black women. Universal basic income programs give money to all Americans.

msmagazine.com
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"Tax policy can serve as a powerful tool to advance gender, racial, and economic equity,” testified @nwlc's Director of Income Security @AmyMatsui at today’s #TaxCode hearing.
Image from Economic Disparity & Fairness in Growth Committee (@FairGrowthCmte)
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Journalist and author Alex Kotlowitz asks, “How do we hold institutions and politicians accountable?” We must listen to families if we want to ensure they have the tools and resources they need to THRIVE, not survive. Are You In? Join the conversation: bit.ly/3aP9ex6
Image from BrightpointIL (@BrightpointIL)
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Last call: Join us tomorrow for an engaging conversation on opportunity, economic stability, and how we can keep families together. Register at childrenshomeandaid.org/brea… cc: @MichaelDTubbs @AKotlowitz
Image from Ahlquist Center (@AhlquistCenter)
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