The Texas Insurance News Daily! Texas Auto Insurance and Home Insurance News!

This hurricane season is especially difficult for some area residents who recently found out they are losing their insurance coverage.

State Farm Insurance company is not renewing the policies of Texas residents who live within a half mile of bays and coastal waters. That is effecting residents from Seabrook to LaPorte...

The Texas Windstorm Insurance Association will raise premium rates by 5 percent next year on thousands of commercial and residential policies.

The association’s governing board approved the increases in a 5-3 vote at its quarterly meeting Tuesday in Galveston...

The Patient Protection & Affordable Care Act (PPACA) is the new set of federal rules signed into law by President Barack Obama on March 23, 2010. Despite the claim that current health care plans are "grandfathered" in under PPACA, the U.S. Departments of HHS, Labor & Treasury just issued new regulations on "grandfathered" health plans, and some trigger the mandate to have a government approved plan.

Under PPACA "grandfathered" plans would still be required to comply with certain reforms, and individuals who choose to enroll in these plans would not be able to use tax credits, essentially allowing these plans to wither on the vine...

Earlier, NHC said the system, located about 1,000 miles east of the eastern Caribbean islands, had a 30 percent chance of developing.

Specifically, NHC said, "Conditions are becoming less favorable for tropical cyclone formation . during the next 48 hours." ...

Discretionary clauses allow insurers to interpret policy terms and evaluate an insured’s claim for benefits. According to the TDI’s official proposal, the ban “is necessary to protect insurance consumers from the possibility of incorrect and unfair coverage determinations by insurers without a subsequent opportunity for a full and independent review under a non-deferential standard.” The TDI is concerned that insurers may have a conflict of interest in coverage determinations that would have an adverse financial impact on the insurer, and therefore want to ensure that insureds have the opportunity to have coverage determinations reviewed by an independent third party...

Insurance giant State Farm has announced that it will stop selling new flood insurance policies, saying that a number of factors contributed to the company's decision.

The company will still service existing flood insurance policies and its agents will still help those customers with the policies to get more from the National Flood Insurance Program directly, it told the Insurance Journal. A company spokesman said the decision to no longer sell its own coverage was based on recent disruption in NFIP plans, such as the existing moratorium on writing new policies...