Review of insurance in the register provided in Austin, Texas
AUSTIN, Texas - In June 2003, Dir Rick Perry was on the compatibility of success in a crisis situation, insurance, owner of vertigo, Out-of-control insurance premiums and groan about the mounting losses.
The reform of the industry had become priority No. 1 this year, the legislature - as important as Perry declared a state of emergency.
It was therefore with great fanfare, he signed the Senate Bill 14, an insurance bill that regulatory authorities have authority excessive rate of rejection of the hand and force insurance companies offer more affordable rates low. ”
But given that SB 14, the state regulator remained powerless to block what they describe as overcharges two of the biggest home insurers public. All told, customers in more than 40 percent of the market in Texas have too many $ 240 million
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