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News
Abbott: Home Premiums Up 79% As Texas Warns Insurers Off Loyalty-Based Price Hikes
13+ hour, 1+ min ago (620+ words) Texas insurance regulators warned carriers on September 2 that using a policyholder’s willingness to tolerate a price increase or shop for another policy when setting premiums violates state law. The practice, known as “price optimization,” may result in enforcement action, according…...
Abbott Orders TDI Action As Texas Homeowners Insurance Premiums Soar 79%
1+ week, 2+ day ago (342+ words) Gov. Greg Abbott ordered the Texas Department of Insurance on Monday to pursue a series of measures to lower property and casualty insurance costs for Texas homeowners. Abbott said the average annual homeowner’s insurance premium in Texas has climbed 79% over…...