Health insurance companies may not be complying with Texas regulations

Texas health Insurance companies

Some insurers may be ignoring state regulations regarding transparency Many health insurance companies in Texas may not be complying with the state’s new regulations regarding transparency. The regulations require insurers to submit regular reports to the Texas Department of Insurance, detailing information concerning their health care networks. When insurers do not file reports, or if these reports are inadequate, state regulators are meant to take action, but public records have shown that this rarely happens. As such, many insurers may be circumventing regulations and avoiding regulators entirely. Small number of…

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Homeowners insurance is more expensive in Texas

homeowners insurance

Drivers in the state are also paying higher rates for their auto policies. According to an analysis of the latest data from the Texas Department of Insurance, the cost of homeowners insurance and auto policies in the state – particularly in the northern parts – is high and is becoming more expensive, this year. The average rates for both of those types of coverage have increased by double digits for many residents. The analysis, which was conducted by The Dallas Morning News, involved a look at the rates being charged…

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Texas Insurance Commissioner Rathgeber receives approval

Texas Terrorism Insurance news

Within her first 18 days in the position, Julia Rathgeber was able to obtain the Senate’s approval. Although Julia Jeffrey Rathgeber has only just been appointed the Texas Insurance Commissioner, she was able to do in only 18 days what the previous person in that position wasn’t able to do in her entire 140 days of the regular legislative session. The vote was held on Friday and it has now been announced that the Senate has given its approval. The vote was held by the Senate Nominations committee in order…

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Insurance news in Texas includes a new commissioner

Texas Terrorism Insurance news

Julia Rathgeber will now take the place of Eleanor Kitzman, whose last day was on Monday. Texas Governor Rick Perry has just announced the latest insurance news, that he has appointed Julia Rathgeber as the new state commissioner, as a replacement was needed for Eleanor Kitzman, whose time in the position ended at the close of the 2013 session. Rathgeber has been the long time aide to Lieutenant Governor David Dewhurst. Now, Rathgeber, who is from Austin and had been the deputy chief of staff for the lieutenant governor until…

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Insurance news from Texas includes commissioner leaving role

Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Eleanor Kitzman has announced that she will no longer be maintaining her role in the regulatory agency. Insurance news is being made at the head of the Texas regulatory agency as Eleanor Kitzman has announced to her staff that she will no longer be continuing in her role as the state’s commissioner. Today is the final day of her time as a commissioner as it is the closing date of the legislative session. Kitzman is not able to continue serving after today, as it is the last day of the…

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Insurance news from fertilizer plant explosion includes high initial estimates

Insurance News

The most recent figures say that the damages in West could be worth up to $100 million. According to the latest insurance news estimates from an industry group, the damage that resulted from the fertilizer plant explosion in West, Texas, could reach as high as $100 million. This estimate includes not only the damage to the plant, itself, but also to the nearby homes. According to the insurance news release from a spokesperson for the Insurance Council of Texas, Mark Hanna, there were approximately 140 homes that were destroyed in…

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Texas Insurance Commissioner’s job may be on the line

Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Democrats in the Senate shot down at least one of the appointments made by the Governor in recent sessions. Texas Insurance Commissioner Eleanor Kitzman may be the next one in the crosshairs for the Senate Democrats in the state, which have taken down at least one of the appointments made by Governor Rick Perry in each of the last two legislative sessions. Kitzman was first appointed in 2011 by the governor, and “has serious problem” in the Capitol. This statement was made by Senator Kirk Watson (D-Austin). The Texas Insurance…

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Texas Department of Insurance warns of rate hikes

Texas Department of insurance

Texas Department of Insurance predicts rate hikes for 2013 Thousands of Texans are expected to see significant rate hikes for their health insurance coverage this year, largely due to the Affordable Care Act. The Texas Department of Insurance expects that more than 163,000 consumers throughout the state will see double-digit increases in their premiums due to the provisions of the federal health care law. The law does not go into full effect until 2014, but several of its provisions will be enacted this year in an effort to ease the…

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Homeowners insurance policyholders in Texas face highest premiums

Texas homeowners Insurance

Residents of the state are paying the largest amount for their coverage when compared to all other states. According to recently released data from the National Association of Insurance Commissioners (NAIC), residents of Texas are still paying the highest premiums for their homeowners insurance coverage. Though this remains the case, two other states on the Gulf Coast have rates that are nearly as high. In 2010, the average annual premiums paid by Texas homeowners insurance customers for the most commonly sold policy had been listed at $1,560. That amount was…

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91% of Texans to be insured by 2014, thanks to the Affordable Care Act

The Texas Medicaid Director, Billy Millwee, spoke to the House Public Health and Insurance committees this week regarding the Affordable Care Act. The director has been tracking the trends and effects that the federal health care law has birthed in the state and has come to a promising conclusion. Currently, 74% of the state’s residents have some form of health insurance coverage. Millwee claims that when the Affordable Care Act is fully enacted in 2014, this will jump to 91%. By that time, only 2.3 million Texans will have no…

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