An insurance program in Liberty County, Texas, is in desperate need of funds. The program provides affordable health insurance to low-income families and individuals. It has been suffering from the inflation of medical expenses, so much so that is will not be able to continue without additional funds. The county insurance committee convened early last week to discuss what would be a third cash injection in just over a year and a half. In the first half of the year, insurance claims in Liberty County exceeded $400,000 per month. June…
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Texas insurance bill promises transparency
Texas is making a move to ensure the transparency of the state’s insurance industry. Legislators are toiling over a bill, dubbed the Texas Insurance Awareness and Affordability Act, which will require insurers to provide exhaustive information regarding any changes in policies. There have been growing concerns about how insurers determine their rate hikes recently, driving demand for more transparency. The bill is seeking to garner explanations on proposed premium increases in a language that everyone can understand. State insurers would be requires, upon changes in policy, to provide a side-by-side…
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