residual market News

Texas Windstorm Insurer Withdraws 10% Rate Increase Filing

Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on …

Louisiana Citizens Property Insurer Plans Rate Changes

Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The Advocate reports a mix of rate …

Texas Mutual Looks to Sever Last Ties to State Oversight

The insurer of last resort for workers’ compensation coverage in Texas is seeking to cut its last ties to the state government that created it. Texas Mutual Insurance Co. was established by the Texas Legislature in 1991 as the result …