The Texas Legislature this year adopted House Bill 1900, which amends the notice requirements for non-renewal and policy changes in Texas Insurance Code Section 551.105. The statutory changes, effective Sept. 1, increase the...more
11/6/2023
/ Commercial Insurance Policies ,
Insurance Code ,
Insurance Industry ,
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New Legislation ,
Notice of Non-Renewal ,
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Texas
Despite vehement opposition from policyholder attorneys, HB1774/SB10, commonly known as the “hail bill,” came into effect Sept. 1, 2017. The hail bill amended the Texas Insurance Code by adding a new Chapter 542A applicable...more
Texas insurance carrier clients writing significant property insurance business in Texas all confirm a disturbing trend. Historically, Texas insurers have seen less than 2 percent of their property insurance claims result in...more