Happy 266th Birthday to James Madison! Father of the Constitution, 4th U.S. President, and original author of the 7th amendment, giving us the Right to Trial by Jury. Find out more about his life and accomplishments at https://tinyurl.com/j4dt88u
When car wrecks happen, Texans rely on insurance to help them get back on their feet. But with over 1.5 million vehicles driving with “phantom coverage,” Texas families are finding themselves unprotected and hung out to dry by insurers selling junk policies.
Data from the Texas Department of Insurance's "Weather Related Property Claims" report shows that Texans for Lawsuit Reform (TLR) and other insurance lobbyists have fabricated another "crisis" in an effort to rob Texas homeowners, businesses, churches, and schools of their legal protections.
In the years that insurers have claimed a crisis, carriers have raked in billions. Outperforming the nation in profitability for three years running, Texas homeowners insurance carriers have been making profits hand over fist.
Insurance lobbyists are trying to pull the wool over the eyes of Texans, using cherry-picked data on consumer complaints at the Texas Department of Insurance to help their bottom line. But, KXAN's Investigative Team revealed the problems plaguing the Texas Department of Insurance's complaints process and the very numbers insurance lobbyists are relying on.
Texas policyholders struggling to have their valid claims paid in full and on time are forced to resort to the courts. But, often insurers are escaping accountability and gaming the system by using the last trick up their sleeve: the appraisal process.