Beyond City Limits
Edited By Mike Clark-Madison, Fri., Feb. 7, 2003
State Rep. Steve Wolens, D-Dallas, introduced Jan. 29 a comprehensive insurance-reform bill that has already received the endorsement of the state's leading consumer organizations. Notably, Wolens' HB 600 would mandate a rate rollback to January 2001 rates -- including for currently unregulated policies -- totaling nearly $1.9 billion and saving an average of $400 per homeowner, until new rates are approved by the Texas Dept. of Insurance. Among the other provisions are banning the use of credit scoring, prohibiting "cherry picking," and making underwriting criteria open to public scrutiny. -- J.S.