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Texas car insurance premiums are soaring. Here's what's behind spike.

Texas car insurance premiums are soaring. Here's what's behind spike.
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Texas Insured Who Paid Part of Settlement May Seek Recovery from Carrier

Texas Insured Who Paid Part of Settlement May Seek Recovery from Carrier
A woman who chipped in $100,000 toward a settlement after a car crash can sue her insurer to seek recovery of that cost, but cannot seek damages in excess of the policy limits for negligent failure to settle because there was no final judgment in the case, the Texas Supreme Court ruled.
Plaintiff’s attorney Thomas G. Kemmy said during oral arguments that Texas’ high court has never before ruled on what recourse is available to a policyholder who faces the kind of dilemma that was imposed on his client Cassandra Longoria. ....

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Texas Policyholder Who Paid Part of Settlement May Seek Recovery From Insurer

Texas Policyholder Who Paid Part of Settlement May Seek Recovery From Insurer
A woman who chipped in $100,000 toward a settlement after a car crash can sue her insurer to seek recovery of that cost, but cannot seek damages in excess of the policy limits for negligent failure to settle because there was no final judgment in the case, the Texas Supreme Court ruled.
Plaintiff’s attorney Thomas G. Kemmy said during oral arguments that Texas’ high court has never before ruled on what recourse is available to a policyholder who faces the kind of dilemma that was imposed on his client Cassandra Longoria. ....

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Insurers Have Paid Nearly $1.7B Property, Auto Claims from Texas Winter Storm

Insurers Have Paid Nearly $1.7B Property, Auto Claims from Texas Winter Storm
April 19, 2021
As of late March, Texas policyholders had filed 386,108 property and auto insurance claims related to the winter storm that blanketed the state in mid-February.
That number reflects preliminary results from a data call issued February 26 to property and auto insurers by the Texas Department of Insurance seeking information on claims stemming from the storm that impacted the state Feb. 11 – 19.
TDI has released a report, February 2021 Winter Storm Survey Data Industry Aggregate Results for Texas, that shows insurer-reported claims information as of March 26.
The report is based on data submitted by 85% of the state’s property insurance market and 94% of the auto insurance market. It shows insurers have paid out $1,673.9 billion on 186,982 combined residential property, commercial property and auto insurance claims. ....

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Settlement reached in case against San Antonio dealership over wrecked Ferrari

Settlement reached in case against San Antonio dealership over wrecked Ferrari
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A 2014 Ferrari 458 Spider like this one was the subject of a lawsuit filed against a San Antonio dealership after an employee crashed the vehicle.File photoShow MoreShow Less
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Court documents show an insurer paid almost $231,000 to cover damages related to a wreck involving a 2014 Ferrari 458 Spider similar to this one.File photoShow MoreShow Less
Talk about costly car crashes.
A settlement has been reached in a lawsuit filed by a businessman and his wife alleging that an employee at a San Antonio Ferrari dealership took their 2014 Ferrari 458 Spider to “‘hot-rod’ around town” and then crashed it. ....

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