Texas Insurance Companies May Soon See Drop In Lawsuits

Texas insurance companies could soon find themselves facing fewer lawsuits relating to claims involving weather damage. The Texas House passed a bill discouraging homeowners insurance policyholders from filing lawsuits against their insurers in regard to claims involving flood, hurricane or hail damage, for example. This means that Texas insurance companies risk having to pay more money if they don’t take the appropriate actions or make the required payments within a certain span of time. After a catastrophic event, policyholders can find themselves waiting a long time to receive the payments they are due for home repairs.