• Farmers Insurance ups rates

  Filed under Basic Information
  Aug 25

  

  Tarrant County homeowners with coverage under one of the major policies from Farmers Insurance will see their average rates go up by about 3.5 percent beginning in May. Premiums under the company’s Texas Family Home Policy will go up by an average of 7.9 percent statewide, Farmers Texas Insurance spokesman Jerry Davies said Tuesday. Under the state’s file-and-use system, insurance companies can file new rates with the Texas Department of Insurance and then quickly begin assessing customers. The department can roll back the rates afterward if the state’s insurance commissioner determines that they are excessive. The recent storms that hit U.K. may be aggravated by the high numbers of home owners who didn’t have the proper home insurance.

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