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Letter to the Editor
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Tuesday August 13

Texas Insurers Form New Coalition to Improve Insurance Affordability

The Texas Coalition for Affordable Insurance Solutions (TCAIS -- pronounced "T-case") is a newly created proactive alliance of insurance providers and trade organizations committed to working with legislators, regulators, consumers and others to find public policy solutions that will improve insurance affordability and accessibility in Texas.

Beaman Floyd, director of TCAIS, says the coalition promotes a healthy, competitive market so Texans can get the best price possible for their insurance coverage and service.

"We believe that in states where insurance companies are allowed to compete for business based upon the products they offer, the prices they charge and the service they provide, consumers benefit the most," said Floyd.

  • promote healthy competition, so Texans can get the best price possible for their insurance coverage;
  • provide greater choice of policy options, so Texans can choose insurance coverage that meets their needs and fits their budgets;
  • prevent fraud and claims abuse, so Texans don't pay higher prices for their insurance because of others who are taking advantage of the system.

    Homeowners' insurance premiums have risen in Texas for many reasons, including increased water damage claims and mold claims, frivolous lawsuits, increased repair costs and claims abuse.

    "By advocating true solutions to the underlying issues that have contributed to rate increases, we can help restore stability and confidence to the Texas insurance market," said Floyd.

    TCAIS is creating an extensive resource network, including a new website, (www.TCAIS.org), with information on the legislative and regulatory issues affecting insurance policyholders in the Lone Star State.

    TCAIS' founding members include:

    • Allstate Insurance Company
    • American Insurance Association
    • Nationwide Insurance
    • State Farm Insurance Companies
    • USAA

    TCAIS believes that by working together, insurance companies, state leaders, consumers and other interested parties can find solutions for the issues affecting the homeowners' and auto insurance markets in Texas.

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