AUSTIN – The Texas Public Policy Foundation’s (TPPF) Center for Economic Freedom Policy Analyst Kathleen Hunker testified today before the Texas House Insurance Committee on House Bill 3646, relating to insurance claims and certain prohibited acts and practices in or in relation to the business of insurance; amending provisions that are or may be subject to a criminal penalty.
“Buying a home is stressful enough without having to worry about overpriced insurance,” said Hunker. “Over the last few year, Texas has seen enterprising attorneys swamp the property insurers with false, redundant, and negligible claims in the hopes of cashing in on mandatory attorney fee awards. This run on insurers has cost customers millions of dollars in the form higher premiums and increased deductibles. Like all market services, the availability of insurance depends on price. Texans will not be able to insure their homes if cash-hungry attorneys continue to artificially raise the amount of risk in the system.”
To schedule an interview with Ms. Hunker, please contact Caroline Espinosa at [email protected] or 512-472-2700.
Kathleen Hunker is a policy analyst with the Center for Economic Freedom at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.