Texas Insurance Companies Tap Public Strategies
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Texas Insurance Companies Tap Public Strategies

Four of the largest insurance companies in Texas have joined forces to create the Texas Coalition for Affordable Insurance Solutions and have retained public affairs powerhouse Public Strategies to help lobby.

Paul Holmes

AUSTIN, July 29—Four of the largest insurance companies in Texas have joined forces to create the Texas Coalition for Affordable Insurance Solutions and have retained public affairs powerhouse Public Strategies to help lobby against proposals that seek to curb soaring premiums and shrinking coverage for the state’s homeowners.
 
The coalition members include Allstate, Nationwide, State Farm and USAA, as well as the American Insurance Association, a group of smaller insurers. They are concerned at several legislative proposals, including one that would cur the use of credit scoring, the rating system insurance companies use to establish premiums.
 
Insurance companies say doing business in Texas is more expensive because of an increase in mold claims and regulations that require them to provide broader coverage than they do in other states.
 
But activist groups say insurance companies are to blame for the crisis in Texas. “The insurance companies flat-out don’t want to be held accountable as far as this insurance crisis, so they are turning to high-priced public relations and lobbying teams to help protect their profits,” said Dan Lambe, executive director of the consumer advocacy group Texas Watch.
 
In addition to retaining Public Strategies, the insurance companies named lobbyist Beaman Floyd as director of the group.
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