Tag: Texas insurance

Texas Insurance Commissioner’s job may be on the line

Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Democrats in the Senate shot down at least one of the appointments made by the Governor in recent sessions. Texas Insurance Commissioner Eleanor Kitzman may be the next one in the crosshairs for the Senate Democrats in the state, which have taken down at least one of the appointments made by Governor Rick Perry in each of the last two legislative sessions. Kitzman was first appointed in 2011 by the governor, and “has serious problem” in the Capitol. This statement was made by Senator Kirk Watson (D-Austin). The Texas Insurance…

Read More

Texas Department of Insurance warns of rate hikes

Highest property insurance rates in the United States found in Texas

Texas Department of Insurance predicts rate hikes for 2013 Thousands of Texans are expected to see significant rate hikes for their health insurance coverage this year, largely due to the Affordable Care Act. The Texas Department of Insurance expects that more than 163,000 consumers throughout the state will see double-digit increases in their premiums due to the provisions of the federal health care law. The law does not go into full effect until 2014, but several of its provisions will be enacted this year in an effort to ease the…

Read More

Aetna predicts major rate increases in 2014

Marc
Aetna Insurance

Aetna CEO forecasts future of rates for health insurance consumers Health insurance continues to be a hot topic in the U.S., especially as 2014 approaches bearing the full weight of the Affordable Care Act. Last week, Aetna, the third largest health insurance provider in the U.S., held its annual investor conference in New York. During the conference, Aetna executives provided a wealth of information to the company’s investors concerning the insurance providers future plans and how it will adapt to the changing insurance landscape. Aetna CEO Mark Bertolini offered a…

Read More

Texas Windstorm Insurance Association may find new allies

Marc
Windstorm Insurance

Texas Windstorm Insurance Association attracting global attention The Texas Windstorm Insurance Association, a state-run insurance group that provide coverage for wind damage primarily to properties in coastal areas of the state, has been experiencing financial troubles recently. Financial challenges are nothing new to state-run insurance groups, as many of them offer coverage that is much more affordable than that offered by private insurance companies. Texas Insurance Commissioner Eleanor Kitzman, who is in charge of the state-run insurance group, has been traveling around the world in order to address the issues…

Read More

Texas Windstorm Insurance Association at the heart of new controversy

S.Vagus
Texas Windstorm Insurance Association

Email about Texas Windstorm Insurance Association sparks turmoil There is turmoil in Texas after an internal email from the state’s Department of Insurance suggests that property insurance rates may be on the rise. According to the email, which comes from Insurance Commissioner Eleanor Kitzman, the agency is weighing its options with the beleaguered Texas Windstorm Insurance Association and may be looking to raise rates on properties along the Gulf Coast to help remedy the organization’s financial troubles. The email has raised concerns amongst consumers, advocacy groups, private insurance companies, and…

Read More