Insurance News
The Texas Supreme Court has firmly ruled that contractors cannot act as public adjusters on insurance claims or advertise themselves as insurance claims negotiators without holding an adjuster’s license. This decision overturns a prior Texas appeals court ruling and upholds a 2003 state law, which the court found does not infringe upon free speech or…
Read MoreIf you disagree with the adjuster’s final claim estimate, tell the company why. The company may have overlooked something and may make adjustments. Make sure to send any supporting documentation, such as a contractor’s estimate for the repairs. If you still disagree, you have several options to challenge your insurer’s decision. Request An Appraisal Your…
Read MoreThe cost of homeowners insurance can fluctuate over time due to a variety of reasons. Some of the key factors that can drive up the cost include: Natural Disasters and Extreme Weather Events: An increase in the frequency or severity of natural disasters, such as hurricanes, wildfires, floods, or tornadoes, can result in higher claims.…
Read MoreThe Texas Department of Insurance (TDI) serves as the primary regulator for the insurance industry in the state of Texas. Its primary mission is to protect insurance consumers by ensuring that the insurance industry operates fairly and efficiently. Here’s a list of what the Texas Department of Insurance does, with explanations for each function: Licensing:…
Read MoreMore than 100 insurance companies are suing the Texas power grid operator and dozens of power generators, over losses and property damage sustained during the winter storm last February. The lawsuit, filed in Travis County District Court, said the Electric Reliability Council of Texas (ERCOT) and 37 different power generating entities were “at fault” for…
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