TX Insurance News

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100 insurance companies sue ERCOT, power generators for 2021 winter storm losses

More than 100 insurance companies are suing the Texas power grid operator and dozens of power generators, over losses and property damage sustained during the winter storm last February. The lawsuit, filed in Travis County District Court, said the Electric Reliability Council of Texas (ERCOT) and 37 different power generating entities were “at fault” for…

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What was the most common car insurance claim in 2021? AAA Texas says it’s this

AUSTIN (KXAN) — AAA Texas released its top three auto insurance claims of 2021, and what seems minor could actually have a big impact on your premiums and on others around you. The agency’s auto insurance division processed three types of claims the most over the past year. Rear-end collisions/fender benders Crashes while backing up…

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Texas landlords will have to disclose flood risk to tenants eff Jan 1st 2022

Twenty-three new Texas laws go into effect on Jan. 1. None are as high-profile as some of the big-ticket items that passed during the state’s four legislative sessions this year – like the state’s strict abortion and voting laws – but they’ll nonetheless impact Texans in some fashion. Below is a list of every new…

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Concurrent Causation And The Insurance Policyholder’s Burden To Segregate Damages In Texas

In property insurance disputes involving concurrent-cause issues, Texas law places the burden on a policyholder to segregate alleged damages between covered and non-covered causes of loss. See Lyons v. Millers Casualty Insurance Co. of Texas. So, does this mean that a policyholder can meet this burden by simply insisting that 100% of the alleged damages…

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Texas Homeowners Insurance Costs Rising More Rapidly Than Inflation

NORTH TEXAS (CBSDFW.COM/CNN) — Home insurance premiums for the New Year appear to be rising faster than inflation in Texas and across the country. According to the Insurance Information Institute, the average homeowner may see a 4-percent increase on the cost of their homeowner’s policy for 2022. In fact, since 2017, premium rates are up…

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Auto Insurance

Car Insurance Blunders; Reasons They Can Deny Your Car Repair Estimates

If you are in a car accident, your insurer is supposed to make sure the car is repaired, assuming you carry collision coverage. The law in most states says you can go to any repair shop you choose. But there is a catch many drivers don’t know about until they find themselves in this situation:…

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texas winter freeze insurance claims

Texas Consumers File More Than 456,000 Claims After Feb 2021 Winter Storm

A recently released report from the state’s insurance department shows more claims and higher average claim costs resulting from the severe and prolonged winter storm that enveloped Texas in mid-February than were previously reported. In the report released Sept. 1, the Texas Department of Insurance detailed property/casualty claims data from Winter Storm Uri, which blanketed…

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texas renters insurance

Texas Renters Facing Increasing Costs

It’s another sign of the red-hot housing market in North Texas. Renters across our area are reporting major ‘sticker shock’ when it comes to rent increases. In one case, by more than $700. Courtney Humphries must quickly decide where she, her child and her dog will live in the coming months. “I have ten days…

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insurance news texas home auto insurance

Texas Lowers Complaint Processing Times by eighty percent

The Texas Department of Insurance eliminated a backlog of consumer complaints and reduced processing times by 80% as part of the agency’s ongoing modernization initiative, the regulatory agency says. “Customer service is a priority, and that hasn’t changed during the pandemic,” TDI Commissioner Cassie Brown said in an announcement. TDI cut the average time to…

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all-change-at-the-top-as-insurers-look-to-the-future

Insurance Companies made big profits in Texas last year (2020)

DALLAS — Remember last year when the roads were clear because so many of us were driving less in the early days of the pandemic? At the time, insurance companies started giving some of us the gift of lower premiums. Well…give and you shall receive, apparently. The latest Texas-specific numbers show that insurance companies did collect less…

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