Home & Auto
Insurance Rates Are a Black Box: Understanding Texas Property Insurance Rates
You open your homeowners renewal and the premium has jumped again. The letter offers a vague explanation — "adjustments reflecting current loss experience" — and you are expected to accept it. What you are almost certainly not told is how that number was calculated, which tier you have been placed in, or what it will cost you to file a claim. In Texas, much of that information is shielded from public view.
David Hargrove
