Illinois homeowners could soon face a higher insurance bill. State Farm is raising its rates by 27% starting Aug. 15 — which could cost customers $475 more on average.

The Bloomington-based State Farm Fire and Casualty Company notified the Illinois Department of Insurance that it was raising premiums for residential property casualty insurance in Illinois by an average 27.2%.

State Farm hits Illinois auto customers with yet another price hike. Suburban apartments are seeing some major investment gains. And a look at what’s on the road ahead for electric truck maker Rivian.

NorthShore University Health System and Advocate Health Care are battling the Federal Trade Commission over their megamerger and a developer is betting millions on the next big retail market. Crain’s Chicago Business deputy managing editor Ann Dwyer joins “Chicago Tonight” with these stories and more.