Tag: insurance market reform

Texas Senate Bill 1246 Proposes State-Run Auto Insurance Program

Nordstrom
Texas Senate Bill 1246

With insurance premiums steadily climbing and accessibility becoming a key concern, Texas lawmakers are pushing for change through Senate Bill 1246 (SB 1246). This groundbreaking proposal introduces a state-administered auto insurance option, aiming to improve affordability and competition in the auto insurance market. Sponsored by State Senator Roland Gutierrez (D-San Antonio), the bill brings the promise of accessible coverage for millions of Texans while challenging the dominance of private insurers. Affordable Auto Insurance for Texans SB 1246 seeks to establish a public auto insurance program administered by the Texas Department…

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Is It Time for an ACA-Style Transformation in the Homeowners Insurance Market?

H. Cutner
Affordable Care Act in Homeowners Insurance Market

Exploring Critical Vulnerabilities in America’s Homeowners Insurance Market Recent events, including Hurricanes Milton and Helene, have highlighted significant vulnerabilities in the U.S. homeowners insurance market. These climate-induced disasters have added pressure to insurance providers, with the sector experiencing turmoil due to the increasing frequency and severity of such events. This has raised concerns over the financial security of millions of American homeowners. Florida is among the top 10 states with the highest number of uninsured homes. Between 15% and 20% of Florida homeowners currently lack property insurance. Home insurance premiums…

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