AUSTIN, Texas (AP) - An industry group says Texas homeowners are paying the highest insurance premiums in the country.
The report was released Tuesday by the National Association of Insurance Commissioners.
The Dallas Morning News reports the study is based on premiums collected in 2010, the most recent year for available nationwide data.
The average annual cost of the most commonly sold policy in Texas was $1,560, about 3.2 percent more than figures from a year earlier. The national average was $909.
Rick Gentry of the Insurance Council of Texas says adverse weather creates losses. He says such losses - from catastrophes such as tornadoes, hailstorms and hurricanes - drive the price of insurance.
Alex Winslow with the consumer group Texas Watch says prices continue to climb while coverage is getting slashed.
___
Online:
http://www.insurance.naic.org/
___
Information from: The Dallas Morning News, http://www.dallasnews.com
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
Posted: 05/06/13 - SHERMAN, TEXAS—Members of the Austin College Class of 2013 are counting down the days until graduation—with both excitement and trepidation. Austin College President Marjorie Hass will present diplomas to more than 340 bachelor’s degree candidates and 18 Master of Arts in Teaching degree candidates who will take part in graduation events May 18 and 19 on campus. Read More
