Governor Announces TDI Action On Property Insurance Costs
· Texas Border Business
In response to Governor Abbott's directive from August 24, the Texas Department of Insurance (TDI) has outlined measures to make property and casualty insurance more affordable for Texans. Governor Abbott noted that homeowners' insurance premiums have increased by 79% over six years, significantly impacting families. TDI will enforce rules to ensure that insurers consider the status of a home's roof in premium calculations and will prohibit using the age of property components as a reason to deny coverage. Additional initiatives include forming an Insurance Fraud Task Force and analyzing the use of AI in claims processing. Abbott plans to collaborate with the Legislature to enhance consumer protections further.
AI summary · Source: Texas Border Business →
