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Insurance rates shift as industry seeks modest cuts
A 2.9 percent reduction request from an industry group contrasts with staff proposals lowering homeowner policies about 20 percent and extended coverage about 15.1 percent while fire insurance rises 11.2 percent. Tenants face about a 22 percent rise. the board has yet to decide. Separately, the Highway Commission suspended 17 bidders for bid rigging, risking lawsuits from companies like Schwabe and Mikes Paving and Stafford Construction. Republican candidates for agriculture commissioner shift as Donald Hebert steps aside, with Fred Thornberry likely to main the ticket amid legal-political disputes. The GOP also seeks a replacement for treasurer candidate Millard Neptune.
MENTIONED IN THIS ARTICLE
Insurance Industry — Group
Schwabe and Mikes Paving Co
Shiner
Stafford Construction Co
Lubbock
Jim Hightower
Waller Rice
Donald Hebert
Texas A&m University
Fred Thornberry
GOP
Hebert