Texas Watch Applauds Lawmakers for Endorsing Homeowners Insurance Reform
March 12th, 2009
AUSTIN – At a news conference in the State Capitol today, lawmakers joined with consumer groups to endorse comprehensive, common sense insurance reforms that are designed to beef up oversight of the insurance industry, empower consumers to make informed decisions, and hold decision makers and wrongdoers accountable.
Texas Watch Executive Director Alex Winslow issued the following statement:
“Insurance reform is a fundamental pocketbook issue for families who are struggling with an economy in free fall, health care costs that continue to rise, and housing and credit markets that are in shambles.
“Texans need their lawmakers to provide some real economic relief by bringing an end to the days of insurance company abuse and overcharges. It is time for lawmakers to stand with Texas homeowners by enacting common sense, comprehensive insurance reforms.
“We should all applaud the efforts of the lawmakers who are standing up for Texas homeowners by sponsoring legislation that will restore balance and accountability to our insurance market. It takes courage to stand up to the special interests and these lawmakers have proven their willingness to do what it takes to help their constituents.”
Texas Watch conducted a statewide, scientific poll of Texas homeowners. The poll revealed a deep desire across partisan and geographic lines for comprehensive insurance reforms like prior approval of insurance rates, standardized insurance policies, ending credit scoring, and electing the state insurance commissioner.
The Texas Department of Insurance is undergoing Sunset Review, creating a unique opportunity to make comprehensive reforms.
