Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A two-judge panel has rejected a petition by Texas’s Office of Public Insurance Council to roll back a State Farm Lloyds rate hike. 

The insurer raised rates by 20 percent for new policies and renewals in late 2012, which would collect an additional $317 million in annual premiums from 1.2 million homeowners’ policyholders in Texas, a file-and-use state. State Farm, the largest property insurer in Texas, maintains that the rate hikes were needed to cover recent weather-related losses. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.