Six years after the Legislature voted to make it easier for insurers to change rates for homeowners, some lawmakers are trying to tighten the system.
Legislators in a news conference Thursday outlined some of more than two dozen homeowners insurance reform bills they say will protect homeowners already struggling in a volatile economy.
One bill would require the state insurance commissioner to approve all insurance rate changes before they are passed to the public.
The current file-and-use system approved in 2003 allows insurers to changes rates as soon as they file a notice with the Texas Department of Insurance.
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I wish we could get a roll back on rates. I know there has been a lot of damage in Texas from Rita & Ike, but those far enough from the coast, that didn't sustain any damage (no claims) shouldn't have to pay higher rates to cover those who do. But guess that is what insurance is all about.
Spread the cost to everyone, so everyone can hopefully be able to afford it.
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