Senate bill would curb home insurance rates without approval
Lawmakers in the Texas Senate are considering a measure that would require home insurers to get approval from regulators before increasing rates more than 10%, the Houston Chronicle reported.
The bill, sponsored by state Sen. Charles Schwertner, R-Georgetown, would also create a three-member commission to oversee the Texas Department of Insurance. The veteran legislator and others have accused the agency of failing to prioritize consumers.
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