Con el pronóstico de tormenta severa en la zona es importante tomar precauciones para protegerse usted y su vehículo.

Rich Johnson, vocero del Consejo de Seguros de Texas, recomendó que si es posible guardes tu auto debajo de un techo. En ocasiones la gente utiliza colchas de mudanza para cubrir el carro entero, el techo o los vidrios, comentó Johnson.

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Sage Advisory Services President and Chief Investment Officer, Robert Smith, is scheduled to speak at the 2023 ICT/AFACT Property & Casualty Insurance Symposium. Smith's session will focus on the growing significance of Environmental, Social, and Governance (ESG) factors in the investment landscape, and the impact they have on investment strategy. With his extensive background in portfolio management and strategic planning, Smith will provide valuable insights on ESG investing and its implications for the insurance industry. Don't miss out on this opportunity to hear from one of the most experienced experts in ESG investing.

We are less than a week away from the first significant deadline of the 88th legislative session. Monday, May 8 is the last day for the House to file House Bills with the committee coordinator. This means that any House Bills that have not been voted out by the committee or whose paperwork has not been filed will effectively die unless resurrected as an amendment to related legislation. We will continue to monitor and update members on bills of interest. 

As legislative leaders quarrel over some of the session’s biggest issues, Lt. Gov. Dan Patrick has taken to flashing two wads of cash in a series of TV interviews: $1,060 in one hand and $800 in the other.

Those, he says, are the annual savings Texas homeowners could expect under the Texas Senate’s plan to control property tax growth. Importantly, he adds, only the Senate plan would provide those savings — the larger sum for homeowners age 65 and older, the smaller for all others.

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More Florida insurance companies could go belly up in the next 18 months.

It’s a prediction being made by many insurance industry experts and it’s scary news for everyone who is already struggling with insurance rate hikes or even finding a company to insure them.

However, the insurance companies themselves are dealing with rate hikes too. It’s called re-insurance.

That’s insurance for the insurance companies. The new rates for those companies are expected to come out in June and they could be so large that some companies won’t be able to afford them and could risk going out of business.

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What is the most important factor for young people buying insurance?

• Cost of the policy.
• The amount of coverage available.
• Financial strength of reputation of the insurance company.
• Convenience.

Eric Sondergeld, managing director of Greenwald Research, bets that most people in his audience at today’s presentation at the Life Insurance and Annuity Conference will say the answer is “convenience.” But the study that Greenwald did for the Society of Actuaries showed that convenience was dead last. Cost was No. 1 by far.

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Secretary of Homeland Security Alejandro Mayorkas has revealed during a congressional hearing last week that the federal system for setting flood insurance premiums needs more tweaking than initially expected.
According to a report by The Advocate, Mayorkas told the Homeland Security Committee the approach to the program is being reviewed and hinted at plans to provide grants that will help homeowners and businesses.
“We are reviewing and need to continue to review the Risk Rating 2.0 given the concerns that have been expressed,” he said.
 

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