Texas Department of Insurance must work to reduce home insurance costs, Gov. Abbott says

Texas aims to make homeowners insurance more affordable by promoting market competition and banning excessive or unfair rate setting. The state faces the fourth-highest home insurance premiums nationally, with average costs nearly doubling since 2016. New policies include prohibiting denial of coverage based on property age, banning price optimization, creating a fraud task force, and considering roof fortification in rates. Legislative recommendations are due by mid-September.