Some home flood insurance rates could spike this year
Flood insurance rates across America inreasing
FOX 26 Consumer Reporter Heather Sullivan explains some of the changes coming to flood insurance plans and how FEMA s flood risk information is being used.
HOUSTON - A research group says homeowners in flood-prone areas could see much higher flood insurance rates starting later this year.
FEMA also just launched a new tool to help determine a home s true risk of flooding and will release new flood maps later this year.
A report by research group First Street Foundation suggests hundreds of thousands of U.S. homeowners could face major rate hikes, phased in over time, including in greater Houston.
Texas Workers’ Compensation System’s Path to Wellness December 16, 2020
Since 2003, insurance rates in the Texas workers’ compensation system have dropped by nearly 72 percent, according to a new study released by a research group within the state’s insurance department.
In 2003, the Texas workers’ compensation system was in dire straits. Medical costs per claim were high, return-to-work rates were dismal, and satisfaction with care was low. Workers’ comp insurance was expensive and hard to find.
Legislation approved that year, as well as in 2001, ushered in some reforms, but House Bill 7, passed by the Texas Legislature in 2005 has had a greater impact, transforming the state’s workers’ comp system from one of the least weakest in the U.S. to one of the healthiest.