insurance http://kut.org en Texas Homeowners Insurance Rates Down, Still Above National Average http://kut.org/post/texas-homeowners-insurance-rates-down-still-above-national-average <p class="p1">Texas homeowners may be paying among the highest insurance rates in the country–&nbsp;but at least they’re no longer <em>the</em> highest.&nbsp;</p><p class="p1">The National Association of<span class="s1"> Insurance</span> Commissioners' <a href="http://www.naic.org/Releases/2013_docs/naic_releases_annual_homeowners_insurance_report.htm">latest report</a> says while premiums for Texas homeowners have dropped to third in the nation, they’re still above the national average.&nbsp;</p><p class="p1">Rates in other states are higher, in part, because the figures now include the cost of windstorm insurance. Mark Hanna of the <a href="http://www.insurancecouncil.org/">Insurance Council of Texas</a> says the states with the top rates have something else in common.</p><p> Tue, 17 Dec 2013 22:43:49 +0000 Nathan Bernier 9395 at http://kut.org Texas Homeowners Insurance Rates Down, Still Above National Average Refusal To Pay Claims Casts Doubt On Texas Windstorm Insurer http://kut.org/post/refusal-pay-claims-casts-doubt-texas-windstorm-insurer <p>A refusal to pay losses caused by Hurricane Ike has again thrust the bedraggled Texas Windstorm Insurance Association (TWIA) into the courthouse, while raising doubts over the agency’s process for resolving claims.</p><p>The city of Galveston sued&nbsp;TWIA&nbsp;Friday. It claims the agency is refusing to pay almost $14 million for damage caused by the storm, even after agency and city appraisers agreed on the cost.</p><p>League City is also suing&nbsp;TWIA&nbsp;over $3.4 million in unpaid damages it says the agency agreed it would pay.</p><p>TWIA&nbsp;declined to comment on the lawsuits. State Rep. Craig&nbsp;Eiland, D-Galveston, is representing the city of Galveston. Houston trial lawyer Steve&nbsp;Mostyn, who has secured millions for&nbsp;TWIA&nbsp;policyholders, is representing League City.</p><p> Tue, 26 Nov 2013 16:07:47 +0000 Jody Serrano 9264 at http://kut.org Refusal To Pay Claims Casts Doubt On Texas Windstorm Insurer March 25th: A History of Hail in Austin http://kut.org/post/march-25th-history-hail-austin <p>This Monday, March 25, has a date with a dark recent history here in the Austin area.&nbsp;<span style="line-height: 1.5;">The last three major hail storms we’ve had all have been on March 25, in 1993, 2005 and 2009.</span></p><p></p><p>“It is kind of unusual that three of the costliest storms have occurred on that individual date,” says Mark Hanna of the <a href="http://www.insurancecouncil.org">Insurance Council of Texas</a>.&nbsp;</p><p> Fri, 22 Mar 2013 23:40:53 +0000 Trey Shaar 7064 at http://kut.org March 25th: A History of Hail in Austin The Lead: Earth, Wind (Damage) and Fire (Bans) http://kut.org/post/lead-earth-wind-damage-and-fire-bans <p>Good morning!&nbsp;Austin’s in for a sunny, dry and breezy day with a high in the mid 60s, according to <a href="http://www.srh.noaa.gov/ewx/">the National Weather Service</a>. No Red Flag warning for Austin today (signaling fire danger from high winds), but San Antonio and counties to the south are under a warning all day. Read more below about area burn bans.</p><p><strong>Lead Story:</strong>&nbsp;Many Central Texans are still picking up <a href="http://kutnews.org/post/central-texas-cleaning-after-high-winds-update?nopop=1">after Monday's high winds</a>. Gusts topping 50 miles an hour toppled fences and tore shingles from roofs.</p><p> Wed, 27 Feb 2013 14:54:28 +0000 KUT Staff 6763 at http://kut.org The Lead: Earth, Wind (Damage) and Fire (Bans) Texas Slow To Review Health Insurance Rate Hikes http://kut.org/post/texas-slow-review-health-insurance-rate-hikes Few governors have been as vocal and as unequivocal in their opposition to the federal health care law as Texas Gov. Rick Perry.<p>Perry, a Republican, has vowed not to expand Medicaid and not to create an insurance exchange. Fri, 20 Jul 2012 21:34:56 +0000 4734 at http://kut.org Texas Slow To Review Health Insurance Rate Hikes Group Says Review of Health Insurance Hikes is Just What the Doctor Ordered http://kut.org/post/group-says-review-health-insurance-hikes-just-what-doctor-ordered <p>President Obama&rsquo;s signature healthcare reforms calls for an automatic review of any increase in health insurance costs ten percent or higher.</p><p>But an organization promoting better health care access across Texas says the agency in charge of monitoring and reviewing these hikes isn&rsquo;t doing its job.</p><p><a href="http://www.tdi.texas.gov/index.html">The Texas Department of Insurance</a>&nbsp;is responsible for determining whether or not price increases for insurance premiums are justified. This is supposed to help protect consumers from overpaying for insurance.</p><p> Thu, 31 May 2012 21:20:41 +0000 Olivia Gordon 4372 at http://kut.org Group Says Review of Health Insurance Hikes is Just What the Doctor Ordered Health & Human Services Tells Texas Insurers to Pay Up http://kut.org/post/health-human-services-tells-texas-insurers-pay <p>Under a federal determination released today, insurers in Texas will have to abide by spending rules set forth in President Obama&rsquo;s signature health care reform package.&nbsp;</p><p>One of the provisions in the <a href="http://www.healthcare.gov/law/full/">Affordable Care Act</a> stipulates that insurers must spend 80% of customers&rsquo; premium dollars on medical care, and not overhead costs. Any overhead spending over 20%, and insurance companies would be required to issue rebates to their customers.</p><p>That said, states can apply for an adjustment of to increase the amount they spend on overhead. The <a href="http://www.tdi.texas.gov/">Texas Department of Insurance</a> applied to do just that, requesting to <a href="http://www.npr.org/blogs/health/2012/01/10/144922562/texas-asks-feds-to-delay-health-insurance-rebate-plan">ramp up medical care spending more slowly</a>: 71% for (current) reporting year 2011, 74% for 2012, and 77% for 2013.</p><p> Fri, 27 Jan 2012 21:11:57 +0000 Wells Dunbar 3547 at http://kut.org Health & Human Services Tells Texas Insurers to Pay Up Farmers' Home Insurance Rates Going Up http://kut.org/post/farmers-home-insurance-rates-going <p><a href="http://www.farmers.com/">Farmers Insurance</a> wants to raise it's home insurance rate by nearly 4% next year.</p><p>The <a href="http://www.dallasnews.com/">Dallas Morning News</a> is reporting that Farmers' filled a <a href="http://www.dallasnews.com/sharedcontent/dws/news/texassouthwest/stories/DN-farmers_24tex.ART.State.Edition1.4b7a5d9.html">3.9% rate increase</a> with the Texas Department of Insurance on Tuesday.&nbsp; The rate would will affect about half of the company's Texas customers.&nbsp;</p> Wed, 24 Nov 2010 19:10:08 +0000 Ben Philpott 333 at http://kut.org Farmers' Home Insurance Rates Going Up