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Mine subsidence insurance bill gains final approval in Illinois
Illinois lawmakers gave final approval to a bill requiring all property insurers to offer mine subsidence insurance after Oct. 1, 1979, with a $50 000 cap and 2 percent deductible. A risk pool would fund claims, needing future state money. Gov. Thompson backed the measure as easing a regional fear for homeowners in Central and Southern Illinois. Senators and representatives noted homes above old mines face danger. A companion bill for a statewide subsidence study by the Illinois Institute of Environmental Quality was also sent to the governor.
MENTIONED IN THIS ARTICLE
Springfield
Illinois General Assembly
House
Senate
James R. Thompson
Illinois
Celeste M. Stiehl
Belleville
Monroe D. Flinn
Cahokia
Gene Johns
Marion
Central
Illinois Intitute