News
Homeowners insurance focus of Fraser
Published: January 30, 2003
AUSTIN (AP) The move to reform the homeowners insurance market, which has seen large rate increases and companies stop writing new policies, kicked into high gear at the Capitol on Wednesday. State Sen. Troy Fraser, R-Horseshoe Bay, filed legislation that would require insurance companies to immediately file with the Texas Department of Insurance their current and projected homeowners rates for the next six months. It also allows the department to seek all data the companies use to determine premiums. Fraser is chairman of the Senate Business and Commerce Committee, which will consider the bill today. He said all nine panel members have signed onto the bill, all but assuring its passage to the full Senate. arty, which campaigned on a pledge to restart peace negotiations with the Palestinians.