Home > Talkback
Texas / South Central News

Viewing comments for:

Texas Homeowners' Combined Loss & Expense Ratio Estimated at 165.0

Texas / South Central News • March 24, 2009
The Texas Department of Insurance released the "Texas Homeowners Insurance Loss Data 1992-2008" report, which shows an estimated incurred loss ratio for 2008 at a record high of 127.0, and a ...

Insurance Journal is not responsible for the content of the message below.

Subject: RE: RE: RE: Rate Hike?

Posted On: March 24, 2009, 4:22 pm CDT
Posted By: K Washburn
Comment:
In Texas we have a modified file & use system for rates. The big 3(State Farm, Farmers & Allstate)have been disallowed from file and use because of past rate issues. Any filing can be held up or disallowed if the Texas Dept of Insurance has a question or issue with filing.

Houston (Harris Co)already has seen a 10% rate increase along with higher deductibles for windstorm. Some markets have withdrawn from the area(Allstate) or limited writings(Nationwide).

As you move up North on I45 or I35, prices become cheaper. It appears the companies don't want to write on seacoast so to make their quota the are all competing in DFW, Austin and to some extent San Antonio. This has made a wide range in premiums & deductibles in just 200 miles.
Subject Posted By Posted On
RE: RE: RE: Rate Hike? Ratemaker
Mar 25, 2009, 9:02 am
RE: RE: RE: Rate Hike? K Washburn
Mar 24, 2009, 4:22 pm
RE: RE: RE: Rate Hike? okt0ber
Mar 24, 2009, 4:22 pm
RE: RE: Rate Hike? H Simpson
Mar 24, 2009, 3:11 pm
RE: Rate Hike? Agent
Mar 24, 2009, 1:31 pm
Rate Hike? Safety Guy
Mar 24, 2009, 1:27 pm
Back to article

Post a Comment

.