Live Insurance News

Texas homeowners insurance rates no longer highest

December 26, 2013December 21, 2013 H. Cutner

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…

Homeowners insurance costs a top priority for Texas Lawmaker

October 22, 2013October 19, 2013 H. Cutner

As the state has already been ranked as one of the most expensive in the country, suggestions are being sought. A lawmaker in Texas has just addressed the insurance industry in the state, requesting that they come up with a way to help to reduce the consistently high homeowners insurance rates for residents. Texas is continually being ranked as one of the three most expensive states in the U.S. for this coverage. The other two states at the top of the expensive homeowners insurance rates list are Louisiana and Florida.…

Homeowners insurance in Dallas more expensive at State Farm than competition

August 7, 2013August 5, 2013 G. Turner

A recent analysis has revealed that the insurer is charging more for coverage of homes in the area than its rivals. According to the results of an analysis that was just conducted and that involved data regarding the premiums of 32 different homeowners insurance companies in the Dallas areas, State farm – the largest property insurer in Texas – is continuing to charge the highest rates, by a long shot. In fact, the latest figures are showing that the next most expensive are nowhere near as high. The study took…

Texas homeowners insurance program could see surplus this year

June 20, 2013June 18, 2013 Nordstrom

Homeowners insurance organization may soon overcome challenges The Texas Windstorm Insurance Association (TWIA) has been struggling with some severe financial and management challenges in recent years. The state-run, non-profit organization provides some homeowners insurance protections to properties in coastal regions of the state. The organization is typically the only place where homeowners can find protection against wind damage along the coast. Despite past struggles, TWIA officials expect that 2013 will be a good year for the organization. TWIA manages to settle numerous lawsuits TWIA has been in debt since early…

Storm insurance program may be in Texas’ future

June 3, 2013June 1, 2013 H. Cutner

Governor Perry has announced that the topic could be a part of the special session of the Legislature. According to Texas Governor Rick Perry, a special legislative session that is already being convened for redistricting could also include the topic of a storm insurance program for the state. This would specifically focus on the overhaul of the Texas Windstorm Insurance Association (TWIA). The TWIA is already greatly troubled, but the governor has yet to say for certain whether or not lawmakers will be discussing this storm insurance topic within the…