Texas Debates Mandatory Insurance Bundling as Senate Bill 213 Gains Momentum Texas lawmakers, regulators, and consumer advocates are deep in discussions over the controversial practice of insurance bundling. At the heart of the debate is Senate Bill 213, introduced by State Senator Royce West, which seeks to make it illegal for insurance companies to require customers to bundle their home and auto insurance policies with the same provider as a condition for coverage. This pushback against mandatory bundling comes amid growing concerns from policyholders and consumer groups who argue that…
Read MoreDay: March 13, 2025
Citizens Insurance Plans $4.54B Reinsurance Boost for 2025 to Tackle Catastrophic Risks
Citizens Property Insurance Plans for 2025 Reinsurance: What You Need to Know Florida’s Citizens Property Insurance Corporation is gearing up for a significant shift in its reinsurance structure for 2025. With plans to secure a new $2.94 billion private market risk transfer, the insurer aims to bolster its reinsurance coverage from traditional and capital markets to an ambitious total of around $4.54 billion. This coverage plan comes with a budgeted premium of approximately $650 million, a notable increase from the $482 million premium tied to the $3.564 billion coverage secured…
Read More