Governor Directs TDI to Take Action to Make Property Insurance More Affordable
· Texas Border Business
Governor Greg Abbott has instructed the Texas Department of Insurance (TDI) to implement measures aimed at making property and casualty insurance more affordable for Texans. The average homeowners' insurance premium in Texas has surged by 79% over the past six years. Key directives include requiring insurers to consider a home's FORTIFIED roof status when setting rates, prohibiting the refusal of policies based on property age, and banning the practice of 'price optimization.' Additionally, TDI will form an Insurance Fraud Task Force and study the impact of inflated claims costs. Recommendations are due by September 14, 2026.
AI summary · Source: Texas Border Business →
