Farmers Given OK to Raise Texas Homeowners Insurance Rates
The Dallas Morning News—February 2nd, 2012
AUSTIN — Nearly 350,000 Texas homeowners insured by Farmers Insurance will see their premiums jump by nearly 10 percent beginning next month after state Insurance Commissioner Eleanor Kitzman decided not to object to the increase.
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A consumer group immediately criticized the commissioner for the Farmers decision and noted that Kitzman already has approved a rate hike for State Farm, which included a higher minimum deductible for its homeowners policies.
“So far, Eleanor Kitzman hasn’t met a rate hike she didn’t like,” said Alex Winslow of Texas Watch.
Winslow said Texas homeowners continue to get less insurance protection for more money as companies restrict what losses they will cover. He pointed out that Allstate and USAA also have increased their rates this year.
Read More: The Dallas Morning News (subscription required)

