Live Insurance News

Homeowners insurance in Texas is getting more complicated

October 13, 2014October 11, 2014 S.Vagus

Lawmakers have exited a hearing regarding the Texas Windstorm Insurance Association with new insight Texas lawmakers have learned more about the current problems facing the Texas Windstorm Insurance Association (TWIA). The organization is often the last place where people can find homeowners insurance that provides coverage for certain natural disasters in the state. Like other state-backed insurance organizations, TWIA has had to deal with severe financial issues that have threatened its ability to effectively provide coverage to policyholders. Some of these issues have been resolved in recent years, but state…

Homeowners insurance becomes a hot topic in the search for Texas’ next Governor

October 6, 2014October 4, 2014 Logan B.

Wendy Davis and Greg Abbott agree that insurance coverage is too expensive Homeowners insurance has become a political platform in Texas. The state’s Attorney General, Greg Abbott, and Senator Wendy Davis are campaigning to be the next Governor of Texas, and the two candidates are divided on many issues, apart from insurance coverage. Both candidates agree that more must be done to slow the constant increase in homeowners insurance rates throughout the state. Texan homeowners have seen their premiums grow by a significant amount for the past several years, and…

Homeowners insurance rates are on the rise in Texas

September 22, 2014September 20, 2014 G. Turner

Insurance coverage is becoming more expensive because of natural disasters in the past Homeowners insurance rates are on the rise in Texas, and natural disasters may be the cause. The state has not been hit by a major hurricane in six years and devastating wild fires have not been seen since 2011. Despite the apparent lull in catastrophe, rates for insurance coverage continue to grow. This has to do with the lasting impact of natural disasters and how they affect the insurance industry. Texas is prone to disasters and insurers…

Homeowners insurance is more expensive in Texas

August 7, 2014August 4, 2014 H. Cutner

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…

Texas homeowners insurance companies increase rates

January 10, 2014January 7, 2014 G. Turner

The state is already the third most expensive in the country and now the prices of coverage are headed up again. Three Texas homeowners insurance companies have announced that they will be increasing the premiums that they charge for providing coverage for the properties of the residents of the state. These new and higher rates are going to be going into effect for new and renewal policies. The affected Texas homeowners insurance customers are those who have their policies with Allstate, Farmers, and State Farm. These three home insurers each…