In a significant decision impacting Gulf Coast property owners, Texas’ top insurance official has blocked a proposed 10% rate increase for homeowners and business owners in the region, arguing it would create undue financial hardship.
Tag: Texas
Insurance Industry Faces Challenges as Progressive Limits Texas Coverage
The insurance industry in Texas is navigating turbulent waters as Progressive joins a growing list of companies scaling back homeowner coverage in the state.
Texas Car Insurance Rates Continue to Rise in 2024
Texas drivers face escalating car insurance rates, with premiums rising significantly in 2024. Insurers attribute these increases to higher repair costs, more frequent accidents, and severe weather events.
New Study: People Are Leaving Some Neighborhoods Due to Floods
Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C.
SageSure Announces Innovative Private Flood Insurance in Texas
SageSure announced the introduction of a new admitted, proprietary residential flood program, initially available in Texas.