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Texas lawmakers want to lower homeowners' insurance costs, but have few options
Read full article: Texas lawmakers want to lower homeowners' insurance costs, but have few optionsTexans pay some of the highest insurance premiums in the country, putting lawmakers under pressure to tackle rising costs.
Climate change, costly disasters sent Texas homeowner insurance rates skyrocketing this year
Read full article: Climate change, costly disasters sent Texas homeowner insurance rates skyrocketing this yearTexas rates have increased 22% on average so far in 2023, twice the national rate. More billion-dollar disasters have occurred in Texas this year than any other year on record.
Lawmakers passed a bill to stop insurers from considering ESG criteria in setting rates
Read full article: Lawmakers passed a bill to stop insurers from considering ESG criteria in setting ratesSo-called environmental, social and governance policies are often adopted by companies to reduce their carbon footprints. The new Texas bill aims to stop insurers doing business in Texas from using ESG criteria, but it doesn’t include penalties for violations.
Personal information of 1.8 million Texans with Department of Insurance claims was exposed for years, audit says
Read full article: Personal information of 1.8 million Texans with Department of Insurance claims was exposed for years, audit saysThe personal data was accessible to the public because of a glitch in the code of the department’s web application.