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Early estimates from the tornadoes and hailstorms that hit Dallas April 3 suggest at least $300 million in insurance claims, with the total projected to rise to potentially as high as $500 million.

The late Thomas Kinkade’s paintings may not ever appreciate in value. But then again, neither do most items bought on the basis of taste.

The Texas Department of Insurance recently approved several homeowners insurance rate increases that were submitted by Allstate Fire and Casualty and Allstate Texas Lloyds. These rate increases, according to Allstate corporate relations spokesperson Kristen Beaman, are necessary due to rising loss costs, which are rising faster than premiums. From Insurance Journal: Homeowner insurance rate hikes [...]

Letter from Austin: Texas policyholders don’t like Ike

by Julie Drenner on March 21, 2012

Claims to the Texas Windstorm Insurance Association stemming from the September 2008 storm continue to pile up.

Florida’s Citizens Property Insurance Corp. names Florida’s financial regulation commissioner as its new president, while the Texas Windstorm Insurance Association has made its interim general manager permanent.

Letter from Austin: Kitzman drops bomb on TWIA

by Julie Drenner on February 29, 2012

In just over a decade, the Texas Windstorm Insurance Association’s market share has tripled to include over half of the policies written in the Tier 1 coastal region of the state

And why I, for one, welcome our new GPS overlords.

Insurance Commissioner Eleanor Kitzman is soliciting consultants to propose a “fundamental restructuring” plan for the windstorm association.

Texas’ experience with the “margin tax” on state businesses has been a disaster.

A new report from the National Association of Insurance Commissioners examining insurance premiums and risk exposure in every state was released in early January, and state insurance regulators and legislators alike are now scrambling to explain how these rates came to be. In the press release announcing the new report the NAIC explained how they [...]

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