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. With homeowners' insurance premiums in Texas rising by 79% over the past six years, Abbott emphasized the need for consumer-focused actions. TDI will now require insurers to factor in a home's FORTIFIED roof status when setting rates, prevent discrimination based on property age, and ban 'price optimization' practices. Additionally, an Insurance Fraud Task Force will be established, and a study on inflated claims costs will be conducted. Recommendations are due by September 14, 2026.
AI summary · Source: Texas Border Business →
