Abbott Orders Action as Texas Homeowners Insurance Premiums Surge 79 Percent

The governor directed state insurance regulators to crack down on certain underwriting practices and pursue measures aimed at lowering costs.“The average annual homeowners insurance premium in Texas has risen 79 percent in six years,” said Abbott. “High insurance costs hit Texas families hard. Today I direct the Texas Department of Insurance to put consumers first and take action that makes property and casualty insurance more affordable.”In a letter sent Monday to Texas Insurance Commissioner Amanda Crawford, Abbott noted that the average annual homeowners insurance premium has climbed from under $2,000 in 2020 to more than $3,500 in 2026.Abbott directed the...