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The Texas Tribune

National

By Joshua Fechter

Texas rejects insurance rate increase for coastal homeowners, businesses

Insurance Texas Todd Hunter

Damage to homes caused by a tornado that moved through Round Rock on March 21, 2022. The state's insurance commissioner on Monday denied a request by the Texas Windstorm Insurance Association, the state's insurer of last resort for coastal residents and businesses, for a 10% rate increase. (Credit: Evan L'Roy/The Texas Tribune)

Texas’ chief insurance regulator has shot down a proposed 10% insurance rate hike for many Gulf Coast homeowners and business owners.

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