Insurance News Daily

Texas legislators introduce new plan for TWIA Texas lawmakers have revealed a plan that aims to help solve the problems of the beleaguered Texas Windstorm Insurance Association (TWIA). The state-run insurance provider offers coverage for coastal properties and is typically the only place homeowners in coastal regions can find the coverage they need because of the high risks they represent. TWIA has faced several challenges over the years, most of…

Email about Texas Windstorm Insurance Association sparks turmoil There is turmoil in Texas after an internal email from the state’s Department of Insurance suggests that property insurance rates may be on the rise. According to the email, which comes from Insurance Commissioner Eleanor Kitzman, the agency is weighing its options with the beleaguered Texas Windstorm Insurance Association and may be looking to raise rates on properties along the Gulf Coast…

Texas Windstorm Insurance Association subject to examination Lawmakers met in Austin, Texas, this week to discuss the issues that are plaguing the Texas Windstorm Insurance Association. The state-run insurance provider has long been the best location for consumers to find affordable and comprehensive wind insurance policies. Coverage for wind damage is often not included in homeowner’s insurance policies in Texas, leaving many consumers without protection in the event of a…

State Farm says that this calculation factor is justified in the northern part of the state. The largest Texas insurance company, State Farm, has responded to concerns regarding the calculation of its rates, as there are disparities in premiums charged depending on the ZIP codes in which the policyholders live. An analysis was performed in Dallas regarding homeowners rates and found significant discrepancies. In fact, when comparing homes of similar…

Agency blocks thousands of messages from consumers The Texas Department of Insurance has received hundreds of letters from consumers concerning the rates of homeowners insurance policies. The emails have been coming in since early July, with a total of 334 messages making their way to Insurance Commissioner Eleanor Kitzman. The rest of the emails have been blocked, with many of the addresses sending the messages being blacklisted by the agency…