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Texas Homeowners May Not See Expected Insurance Cost Relief.

Publication: Knight Ridder/Tribune Business News
Date: Monday, October 20 2003

By Janet Elliott, Houston Chronicle Knight Ridder/Tribune Business News

Oct. 20--AUSTIN, Texas--Gov. Rick Perry last week listed among his accomplishments saving taxpayers more than half a billion dollars in lower home insurance costs.

But rate relief is coming slowly, if at all, to most Texas homeowners.

Acting under authority given him in a new law, Insurance Commissioner Jose Montemayor in August ordered insurers operating in the state to drop their rates by a collective $510 million.

However, two large insurers that jointly wri

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Texas Homeowners May Not See Expected Insurance Cost Relief.

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