Most Texas Insurers profited despite Rita
KTEN.com
AUSTIN, Texas -- Texas home insurers turned substantial profits last year, despite Hurricane Rita's destruction.
That's prompting state regulators to question whether some companies' rates are too high.
Most of the state's home insurance companies posted big earnings in 2005, although nowhere near as high as 2004's record profits. That's according to Texas Department of Insurance financial reports.
Texans pay the highest home insurance premiums in the country.
Insurance industry spokesman Jerry Johns says insurers suffered during the early part of the decade due to massive water and mold losses. Those losses led to record premium hikes, and he says the industry is "entitled to a few good years after so many unprofitable years in the past."
 
 

         Pure Air Control Services, Inc.
1-800-422-7873