More Regulation Won't Save Texas Homeowners Ins.Market
Oklahoma Insurance Commissioner Carroll Fisher put it best whenhe recently wrote that “the best regulator of insurance rates isthe consumer.” In an opinion piece in the March 16, 2002, editionof The Daily Oklahoman, he wrote that “for all the hardwork state employees do to regulate insurance companies, nothing isas effective at keeping down rates as the threat that a consumermay move to another company.”
Texas needs to reform the homeowners insurance market, but notfor the reasons heard during the recent political season. There arereasons for high homeowners rates–weather, excessive lawsuits andrising claim costs. We can't change Texas weather. We will alwayshave wind, hail, tornadoes, hurricanes and tropical storms.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
