Texans living near the Gulf Coast can expect to see a larger windstorm insurance bill next year.
Insurance Council of Texas News
Why was Texas such a risky market for providers of property insurance? Was it hurricanes? Tornadoes? Hail storms? Floods?
Reinsurance expert: Biggest challenge in Texas is legal fraud, says HB 1774 a ‘fantastic step in the right direction’
Everything is bigger in Texas, including the legal fraud that ensues after every hailstorm or hurricane it seems.
Texas Watch op-ed over lack of Harvey payouts sparks rebuttals, expert calls piece the ‘same old rhetoric’
HOUSTON – In May, Texas Watch, a self-labeled consumer advocacy group, released an opinion piece arguing an “assault waged by insurance companies” in the state legislature has left many Hurricane Harvey victims still unable to resume their lives eight months later.
Albert Betts, executive director for the Insurance Council of Texas, says Texans are being harmed by misinformation and half-truths about their recovery.
AUSTIN - In 2017, Texas homeowners suffered significant losses as Hurricane Harvey, severe hailstorms and tornadoes ravaged the state. But despite another year of bad weather, data from the Texas Department of Insurance shows that justified consumer complaints continued to be low, with the agency recording just 351 justified complaints out of 6.7 million policies and an estimated 700,000 homeowner claims.
AUSTIN - On Wednesday the Insurance Council of Texas Education Foundation will join the University of North Texas in celebrating the Education Foundation’s surpassing $1 million dollars in scholarships and education funding given to support insurance education in Texas.
AUSTIN – Numerous amicus briefs have been filed seeking to have the Texas Supreme Court rehear a Hurricane Ike lawsuit brought against USAA Texas Lloyds, asserting justices need to clear up confusion created by a past opinion.
AUSTIN - The Insurance Council of Texas has placed the insured losses from Hurricane Harvey at $19 billion.
HOUSTON - Hurricane Harvey’s forecasted slow march through south Texas could result in record rainfall and insured losses. Harvey is expected to make landfall near Corpus Christi, which hasn’t seen a hurricane in 47 years.
AUSTIN - 2016 wind and hail loss information released last week by the Texas Department of Insurance show that homeowner losses from hail in Texas were the highest annual losses ever recorded, exceeding $5 billion.
Possibility of more hailstorms this year will 'continue to put more pressure on rates' for insurance
AUSTIN – Manager of Public Relations & Membership of the Insurance Council of Texas Mark Hanna expressed his concerns with the increased number of storms and whether or not 2017 will mirror previous years.
AUSTIN – Fatal car crashes are becoming more and more common for Texas residents and the trend is impacting not just the lives of locals, but their insurance rates as well.
AUSTIN – Devastating softball-sized hailstorms and widespread flooding have many insurance firms hoping the weather calms down, at least for the rest of the year.
AUSTIN - The tide my be turning in mass hailstorm litigation, as data collected by the Texas Department of Insurance shows fewer complaints being filed during 2013-2015, compared to 2012.
HOUSTON—It’s a lesson that many drivers in Houston have learned the hard way—some tow truck drivers will tow a car and then charge owners thousands of dollars to get it back, essentially holding the vehicle for ransom.