Tag: Texas

Half of US opts out of health insurance exchanges

Logan B.
health insurance market stability

Half the country decides not to run health insurance exchanges The U.S. Department of Health and Human Services has announced that the federal government will officially be operating health insurance exchanges in approximately half the states in the country. These exchanges are part of the Affordable Care Act, the federal health care law that has been very unpopular in some states. These states have shown continued opposition to the federal law, suggesting that it violates people’s constitutional rights and claiming that it will have a catastrophic impact on the nation’s…

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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…

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Top cities for vehicle theft named by NICB

Vehicle Theft black friday auto insurance claims

For the second straight year, Fresno tops the National Insurance Crime Bureau list of top cities for vehicle theft. California tops the list… The NICB list states that approximately 761,500 vehicles were stolen in 2011, which was a drop from the year before by a mere 3 percent. These numbers are based on statistics released by the FBI. Fresno was at the top of the list and was not the only city in California to make the top ten. Modesto came in second and Bakersfield was in third, giving CA…

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TWIA plan aims to reduce financial burden on policyholders

S.Vagus
Texas Homeowners Insurance

Texas legislators introduce new plan for TWIA Texas lawmakers have revealed a plan that aims to help solve the problems of the beleaguered Texas Windstorm Insurance Association (TWIA). The state-run insurance provider offers coverage for coastal properties and is typically the only place homeowners in coastal regions can find the coverage they need because of the high risks they represent. TWIA has faced several challenges over the years, most of which have been financial, and lawmakers have been working to solve these problems. Plan aims to raise funds for state-run…

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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…

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