Texas Fair Plan News

Texas OKs Rate Changes for Texas FAIR Plan

The Texas Department of Insurance has approved various rate changes for the Texas Fair Access to Insurance Requirements Plan Association (FAIR Plan). On Dec. 20, 2019, the FAIR Plan filed residential property insurance rates for its homeowners (HO-A), dwelling (TDP-1), …

Interim Charges for Texas House Committees Focus on Harvey’s Impact

In laying out the interim committee charges for the next legislative session, which will begin in January 2019, Texas House Speaker Joe Straus focused on Hurricane Harvey’s impact on the state. Almost every House committee received at least one charge …

Texas Insurers Hope Court Decisions Will Curtail Hail-Related Lawsuits

Following a severe hailstorm in south Texas in 2012, insurers were beset with homeowner property lawsuits — sometimes after claims were paid and repairs were completed — even though data from the Texas Department of Insurance show few complaints were …

Texas’ Residual Property Insurance Markets Hit with Severe Weather Claims

The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) began responding to policyholders impacted by the severe weather that affected a number of Texas communities last week and over the weekend. As of April 20, TWIA and …

Ford Appointed to Texas FAIR Plan Governing Committee

Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) Governing Committee. The commissioner also reappointed Georgia Neblett of Port Aransas, Ronald Lawson of Allen, and Edward Sherlock of Beaumont …

Agents Notified of TWIA, Texas Fair Plan Information Requests

The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) recently notified insurance agents that the organizations have received a formal request to inspect or copy some of their files. The requested files include information held by TWIA …