Abbott: Home Premiums Up 79% As Texas Warns Insurers Off Loyalty-Based Price Hikes

Dallas Express
Published
Abbott: Home Premiums Up 79% As Texas Warns Insurers Off Loyalty-Based Price Hikes

The short version

  • The practice, known as “price optimization,” may result in enforcement action, according to a new Texas Department of Insurance bulletin.
  • Greg Abbott announced the warning […] The post Abbott: Home Premiums Up 79% As Texas Warns Insurers Off Loyalty-Based Price Hikes appeared first on Dallas Express .

The story

Texas insurance regulators warned carriers on September 2 that using a policyholder’s willingness to tolerate a price increase or shop for another policy when setting premiums violates state law. The practice, known as “price optimization,” may result in enforcement action, according to a new Texas Department of Insurance bulletin. Gov. Greg Abbott announced the warning […]

The post Abbott: Home Premiums Up 79% As Texas Warns Insurers Off Loyalty-Based Price Hikes appeared first on Dallas Express.

Read the full story at Dallas ExpressOriginal

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