Some insurers may be ignoring state regulations regarding transparency Many health insurance companies in Texas may not be complying with the state’s new regulations regarding transparency. The regulations require insurers to submit regular reports to the Texas Department of Insurance, detailing information concerning their health care networks. When insurers do not file reports, or if these reports are inadequate, state regulators are meant to take action, but public records have shown that this rarely happens. As such, many insurers may be circumventing regulations and avoiding regulators entirely. Small number of…
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Homeowners insurance is more expensive in Texas
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…
Read MoreTexas Insurance Commissioner Rathgeber receives approval
Within her first 18 days in the position, Julia Rathgeber was able to obtain the Senate’s approval. Although Julia Jeffrey Rathgeber has only just been appointed the Texas Insurance Commissioner, she was able to do in only 18 days what the previous person in that position wasn’t able to do in her entire 140 days of the regular legislative session. The vote was held on Friday and it has now been announced that the Senate has given its approval. The vote was held by the Senate Nominations committee in order…
Read MoreInsurance news in Texas includes a new commissioner
Julia Rathgeber will now take the place of Eleanor Kitzman, whose last day was on Monday. Texas Governor Rick Perry has just announced the latest insurance news, that he has appointed Julia Rathgeber as the new state commissioner, as a replacement was needed for Eleanor Kitzman, whose time in the position ended at the close of the 2013 session. Rathgeber has been the long time aide to Lieutenant Governor David Dewhurst. Now, Rathgeber, who is from Austin and had been the deputy chief of staff for the lieutenant governor until…
Read MoreInsurance news from Texas includes commissioner leaving role
Eleanor Kitzman has announced that she will no longer be maintaining her role in the regulatory agency. Insurance news is being made at the head of the Texas regulatory agency as Eleanor Kitzman has announced to her staff that she will no longer be continuing in her role as the state’s commissioner. Today is the final day of her time as a commissioner as it is the closing date of the legislative session. Kitzman is not able to continue serving after today, as it is the last day of the…
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