Tag: insurance council of texas

Texas homeowners insurance rates no longer highest

H. Cutner
Texas Homeowners Insurance

The state may no longer be at the top of this costly list but this is great news for residents. According to recent statistics regarding Texas homeowners insurance rates – when compared with those in the other states across the country – are no longer the most expensive. This is a list that Texans are glad to hear that they are no longer leading. In fact, Texas homeowners insurance rates have dropped down to third place on the national list. This, according to the annual state rankings that have been…

Read More

Insurance news from fertilizer plant explosion includes high initial estimates

G. Turner
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…

Read More

Auto insurance rates are on the rise in Texas

Julie Campbell

Many of the largest auto insurance companies in Texas will be raising their rates as a result of losses and new liability limits that will have been implemented with the start of this year. Several of the insurers are citing the new liability limit rules exclusively as the cause of their increases. According to Mark Hanna from the industry trade group called the Insurance Council of Texas, these regulations require that drivers within the state must carry policies that will provide coverage for up to $25,000 for property damage per…

Read More