SEN. JOHN B. ROE REP. JAMES C. TAYLOR
PRESCOTT E. BLOOM SAMUEL C. MARAGOS JAMES "PATE" PHILIP PHILIP J. ROCK FRANK D.SAVICKAS
STATE OF ILLINOIS
LEGISLATIVE INVESTIGATING COMMISSION
300 WEST WASHINGTON STREET - SUITE 414 CHICAGO, ILLINOIS 60606 TELEPHONE: (312) 793-2606
REP. JANE M. BARNES
CLARENCE A. DARROW AARON JAFFE PETER P. PETERS W. TIMOTHY SIMMS
ACTING EXECUTIVE DIRECTOR: Ronald Ewert
June 1, 1978
TO: HONORABLE MEMBERS OF THE GENERAL ASSEMBLY
This is our interim report on our investigation into the availability of homeowners' insurance in the Chicago area as mandated by Senate Resolution 283. Obviously, the report contains only a cursory review of the problem, since the resolution was passed just five weeks ago. Given the time necessary for preparation, reproduction and delivery, the report is based only on the information we were able to gather during the first three and one-half weeks following the resolution's adoption.
Included in the report is a brief summary of the positions of community groups, the Department of Insurance, and representatives of the insurance industry with respect to the apparent difficulty in obtaining insurance in some portions of metropolitan Chicago. Also included is a summary of our activities and plans for future action, as well as a narrative intended to point up the complexity of the problem.
Because we have not yet gathered all of the information to properly evaluate the problem, because we have not yet adequately analyzed what information we have gathered, and because of the complexity of the problem, by necessity we cannot offer even tentative conclusions for your consideration, However, we do recommend that extreme caution be exercised before any corrective action is taken. In the complex field of insurance, decisions made based on incomplete or inaccurate information could easily result in wholly unintended and extremely undesirable consequences.
Senate Resolution 283
This resolution was sponsored by the following Senators:
Thomas C. Hynes Samuel C. Maragos
Charles Chew, Jr. Frank D. Savickas
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