Come See the Fix Texas Insurance Tour
Friday, October 3rd, 2008
by Gardner B.
Did you know Texas homeowners pay the highest insurance rates in the country? Did you know that insurance companies can set whatever rate they choose and it’s up to the Texas Department of Insurance to prove the rate is excessive after the rate has already gone into effect? If you ever wanted to know more about the problems with Texas insurance, the answers will be coming to a town near you.
Texas Watch will have the first stop on their Fix Texas Insurance tour today. They’re going to be visiting cities all over Texas in the next few weeks to raise awareness on the need for insurance reform and propose solutions to the problem.
Texas Watch will be proposing common sense solutions which will lower the cost of insurance for Texas homeowners. These solutions include:
- Require streamlined prior approval of insurance rates so that homeowners are no longer forced to pay unfair overcharges.
- Make the Insurance Commissioner an elected position so that Texans can hold him or her directly accountable. Every Texan is impacted by the actions and decisions of the insurance commissioner and we should all have a say in who is deciding whether insurance companies are treating Texans fairly.
- End unfair underwriting and rating practices like insurance credit scoring and use of rating territories and tiers.
- Streamline policy forms so that consumers are better able to shop the market.”
Their first stop is in San Antonio today. Next week they’ll be hitting East Texas and the Metroplex. Check them out!