policyholder premiums News

Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …

California Commissioner: $160M in Homeowner’s Rate Reductions

An average of a 12.6 percent insurance rate reductions is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones on Thursday. The reduction will result in an …