TX OPIC News

Flood Damage Recovery Tips for Homeowners and Renters

The Texas Office of Public Insurance Counsel published consumer guidance for homeowners and renters recovering from flood damage, explaining that standard homeowners and renters policies typically do not cover flood damage, which requires a separate flood policy through NFIP or an insurance company. The guide provides step-by-step instructions for filing claims, documenting damage, hiring contractors, and understanding reimbursement eligibility including additional living expenses and withheld depreciation. The document also lists resources including NFIP contact information (800-621-3362), Texas Department of Insurance consumer help line (800-252-3439), and OPIC contact numbers.

TX OPIC Saves Texans $13M, Reviews 1,200 Filings in 2025

TX OPIC reviewed over 1,200 insurance rate and policy form filings from insurers submitted to the Texas Department of Insurance during fiscal year 2025, saving Texas consumers over $13 million through limited or postponed premium increases and obtained refunds. The agency reached over 5.1 million Texans via social media and website. Two new laws resulted from OPIC recommendations: Senate Bill 458 requires home and personal auto policies to include appraisal provisions, and Senate Bill 1644 mandates insurers who use credit-based information to re-rate policies every three years.

TX OPIC Saved $3M, Reviewed 1,350 Filings in FY 2024

The Texas Office of the Public Insurance Counsel (TX OPIC) released its fiscal year 2024 achievements summary covering September 2023 through August 2024. TX OPIC reviewed nearly 1,350 insurance rate and policy form filings with the Texas Department of Insurance and saved Texas consumers over $3 million by limiting premium increases and obtaining refunds, generating a return of more than $2 for every $1 of its budget. The agency also prevented reductions in auto and residential property insurance coverage, resulting in over 200 policy form changes, and provided consumer resources following Hurricane Beryl's July 8, 2024 landfall.