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State Farm rate increases have more Tarrant homeowners shopping for new insurance

June 13th, 2010; Posted in Latest News with no tags.

State Farm had been Jim Higbee’s insurer for years, covering his home, two Ford Explorers and his small business that buys and resells used office cubicles out of small quarters in east Fort Worth’s RiverBend Business Park. He says he has an 800 credit score, and his only claim was a minor roof repair long ago. (more…)

Your Good Neighbor Wants More Money

June 10th, 2010; Posted in Latest News with no tags.

The state’s largest home insurer, State Farm, is raising your rates…for the second time this year.

And the state can’t do much about it.

We do have a Texas State Insurance Commission, and a commissioner heading it up. And his job is to protect consumers from excessive rates and questionable practices. But the fact is, he doesn’t… (more…)

State Farm Hikes Rates; Some Tylerites May See 20 Percent Increase

June 9th, 2010; Posted in Latest News with no tags.

Some State Farm policyholders in Tyler could pay almost 20 percent more in coming months for homeowner’s insurance compared to last year thanks to the company’s second substantial rate increase in eight months. (more…)

State Farm customers face another rate increase

June 8th, 2010; Posted in Latest News with no tags.

Home insurance rates are set to go up this month for State Farm customers, the second time in nine months the state’s largest insurer has raised rates. (more…)

U.S. property/casualty insurers post higher profits: Best

April 26th, 2010; Posted in Latest News with no tags.

U.S. property/casualty insurers reported $31.1 billion in net income in 2009, a 260.3% increase from the previous year, Oldwick, N.J.-based A.M. Best Co. Inc. said in a special report. (more…)

Insurance companies say Houston’s weather to blame for rate hikes

April 26th, 2010; Posted in Latest News with no tags.

Thousands of Harris County homeowners are getting hit with big hikes in their insurance premiums. The insurance industry contends the higher prices are justified, because it says the Houston area has proven itself to be costly after some of the biggest weather catastrophes in Texas history. (more…)

State Farm stiff-arms Texas regulators, but insurer says it’s protecting clients

April 13th, 2010; Posted in Latest News with no tags.

To leading lawmakers and even some insurance industry experts, State Farm hasn’t exactly been like a good neighbor in recent dealings with state regulators. (more…)

Hurricane Ike lawsuits flooding in for attorneys

March 17th, 2010; Posted in Latest News with no tags.

Dave Davis is doing something he’d never thought he’d do.

“Not in a million years,” he said as he walked into a lawyer’s office to file a lawsuit. (more…)

State Farm hikes homeowner rates 4.5 percent

March 11th, 2010; Posted in Latest News with no tags.

The state’s largest home insurer plans to raise rates 4.5 percent statewide.

State Farm, which has almost 30 percent of the homeowner insurance market in Texas, plans to launch the rates in May for new customers and starting June 1 for others as policies come up for renewal. (more…)

Elected Commissioners Defend Electoral Role in Insurance Regulation

March 8th, 2010; Posted in Latest News with no tags.

Critics of elected insurance commissioners say the office can become too concerned with electoral politics instead of the regulatory process. To supporters, that’s a good thing. (more…)