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State Farm 20% Rate Hike

Via KTEKPosted February 8, 2013
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State Farm Insurance Company has proposed a huge rate increase for homeowners, and the state’s consumer advocate is crying foul. But will the Insurance commissioner do anything about it?

State Farm is the 900 pound gorilla of insurers in Texas.

Alex Winslow heads up Texas Watch, which keeps an eye on insurance companies.

“State Farm is the single largest insurance company in Texas. And they have implemented a 20% rate increase, which is the largest single increase in state history. State Farm likes to talk about how Texas has bad weather, and that’s without a doubt, we do have bad weather. But that’s nothing new and it doesn’t justify dramatic increases in premiums.”

Read More: KTEK

Research & Reports
Research & Reports

The Texas Watch Foundation, a non-partisan 501(c)(3) organization, conducts research and public education activities on consumer law, consumer protection and civil justice issues. Read More »

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Court Watch

Court Watch, a program of the Foundation, documents the role and impact of the Texas civil court system on Texas families and Texas public policy. Read More »