Live Insurance News

Texas insurance companies facing claims from “frack quakes”

June 5, 2014June 4, 2014 Julie Campbell

$Texas homeowners insurance fracking wastewater earthquakes$

Homeowners policy customers are discovering that their coverage may not offer protection. Customers of Texas insurance companies have been experiencing a rise in the frequency of earthquakes in their state, but are also discovering that if they result from hydraulic fracturing – otherwise known as “fracking” – coverage may not automatically be provided by their insurers. Rare cases have caused exterior propane tanks to explode but homeowners insurance didn’t provide coverage. One couple named David and Meredith Hull, have experienced an earthquake – and then thirty more – all since…

Liability insurance exclusions limited for builders in Texas

January 21, 2014January 18, 2014 H. Cutner

The Supreme Court in the state has also restricted the exclusions for general contractor coverage. The Texas Supreme Court has given a new ruling that may help to increase the consumer confidence levels in terms of the liability insurance coverage that is carried by general contractors as well as builders. The ruling will help to decrease the number of exclusions that exist on these policies. This insurance news was made when Justice Phil Johnson made a ruling that denied the attempt of an insurer to avoid having to pay a…

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…

Texas seeks higher requirements for health insurance navigators

December 10, 2013December 7, 2013 Logan B.

Navigators may be held to a higher standard in Texas The Texas Department of Insurance has proposed new requirements of health insurance navigators that will be working in the state’s insurance exchange. These navigators are a part of the Affordable Care Act and exist to provide assistance to consumers that are seeking coverage through the state-based exchange. Navigators can only work with non-profit organizations that have no affiliation with insurance companies and are subject to a federally mandated 40 hours of training before they can assist consumers. Agency wants more…

Auto insurance card can be displayed on smartphones in Texas

August 16, 2013August 13, 2013 Julie Campbell

A new law means that drivers in the state will soon be able to show an electronic version of their proof of coverage. A new law has just been passed in Texas which means that in a short while, they will be able to use their smartphones to display a digital version of their proof of auto insurance coverage when they need to show this information to a police officer, someone with whom they have been involved in an accident, and other purposes. All that is required is that the…