Abbott Announces TDI Actions Aimed at Lowering Insurance Costs in Texas - sanangelolive.com

The move follows an Aug. 24 directive from Abbott telling TDI to use its existing authority to find administrative and legislative fixes that protect policyholders. Abbott said the average annual homeowners insurance premium in Texas jumped 79 percent over six years, a number that lines up with what plenty of people here have watched happen to their own bills.

Abbott said TDI is now taking action to put consumers first, and he plans to work with the Legislature next session to push further limits on premium increases. No dollar figures or specific rule changes were detailed in the announcement, just the broad direction TDI has been ordered to take.

For homeowners in Lubbock, this means the fight over insurance costs is moving from complaint to policy, at least on paper. Whether TDI's actions translate into an actual smaller bill next renewal cycle depends on what specific rules come out of this and what the Legislature does with it next session.

Six years, 79 percent. That is the number Abbott is betting his next legislative fight on.