Wednesday and Thursday are Weather Aware days due to the potential for locally heavy rainfall. Beware of flooded road-ways and never drive around barricades or into water more than six inches deep. High rainfall rates may reduce visibility and also increase the risk of hydroplaning. Turn around, don’t drown! Isolated strong thunderstorms may develop late Wednesday afternoon, but widespread severe weather does not appear to be likely at this time.
8-25-04 - AUSTIN, Texas (AP) More homeowner’s insurance rate reductions may be in store for Texas policy holders. State insurance consumer advocate Rod Bordelon has told lawmakers that insurance companies are on track to earn their highest profit since 1999.
The House Insurance Committee was told that the profit could mean more rate reductions for homeowners. Bordelon says companies paid out an average 34% of premiums they collected during the first two quarters of this year. He says any percentage of premiums paid for claims below 60 percent is good for insurers.
Bordelon says he believes some companies will voluntarily lower their rates. But according to the Houston Chronicle, he says the state may have to order others to do so.