Bay Area Houston

They are NOT our friends.

In 2002 the top insurance companies in Texas formed the Texas Coalition for Affordable Insurance Solutions (TCAIS) in preparation for massive insurance reform in the 2003 legislature session. They are not registered with the Texas Ethics Commission so we cannot see how much money these companies have poured into this organization. In 2003 they successfully lobbied against consumers resulting in major changes to insurance laws. Twenty years later the insurance industry is in disarray with consumers paying the price. Now they are at it again.

TCAIS is composed of 6 of the largest insurance companies in Texas, Allstate, Farmers, Farmers Bureau, USAA, Nationwide, and State Farm. Of these only USAA will offer policies in the Bay Area and their rates are ridiculous. USAA quoted me $15,000/year with a $13,000 deductible. The others would not offer a policy.

TCAIS is lobbying our elected officials already. They have been invited to speak at every insurance meeting to date. Floyd Beaman, their spokesman, was recently on KPRC making excuses for the insurance industry and telling us to “shop around” as if that was some kind of new thing to do. In a hearing last month they used the word “unsustainable” something we have been saying for 10 years now.

So if you want to have any say in how insurance will be reformed you need to contact the State Affairs Committee and demand reforms that will lower your premiums and set deductibles at a reasonable rate. You can do that here.

This entry was posted on Monday, September 9th, 2024 at 9:56 am and is filed under Consumer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.