Texas Windstorm Insurer: No Rate Hike for 2020

Original source: https://www.insurancejournal.com/news/southcentral/2019/08/06/535100.htm

I run around the internet nonstop to make you to relate to the betterment of keeping a Public Adjuster on your side. Take a minute to read this web post we ran across.

Insurance Journal (08/07/19)

According to the Texas Windstorm Insurance Association (TWIA), the state’s provider of last resort for wind and hail insurance for coastal lands , the board of directors voted in its Aug. 6 quarterly assembly not to raise residential and commercial property rates. As a result, TWIA will submit a 0 percent yearly fee filing for 2020 policies together with the Texas Department of Insurance from Aug. 15. This includes despite TWIA reporting past month that its Rate Adequacy Evaluation for 2019 found present rates are inadequate by 41.7percent for residential properties and 50% for business properties, as well as a speed inadequacy of 32% and 37%, respectively, in June 2018. This season marked the first time that TWIA approved people comment in reaction to its yearly Rate Adequacy Analysis. In making its choice the board believed both public comment from stakeholders and the 2019 Rate Adequacy Analysis…. Read More

We appreciate you! And please call us if you need some help when dealing with your insurance carrier. NO claim, NO fee!

Original source: https://www.insurancejournal.com/news/southcentral/2019/08/06/535100.htm

I run around the internet nonstop to make you to relate to the betterment of keeping a Public Adjuster on your side. Take a minute to read this web post we ran across.

Insurance Journal (08/07/19)

According to the Texas Windstorm Insurance Association (TWIA), the state’s provider of last resort for wind and hail insurance for coastal lands , the board of directors voted in its Aug. 6 quarterly assembly not to raise residential and commercial property rates. As a result, TWIA will submit a 0 percent yearly fee filing for 2020 policies together with the Texas Department of Insurance from Aug. 15. This includes despite TWIA reporting past month that its Rate Adequacy Evaluation for 2019 found present rates are inadequate by 41.7percent for residential properties and 50% for business properties, as well as a speed inadequacy of 32% and 37%, respectively, in June 2018. This season marked the first time that TWIA approved people comment in reaction to its yearly Rate Adequacy Analysis. In making its choice the board believed both public comment from stakeholders and the 2019 Rate Adequacy Analysis…. Read More

We appreciate you! And please call us if you need some help when dealing with your insurance carrier. NO claim, NO fee!