Insurance Rates, Money Trail, Talk Show Hosts/Owners & Political Contributions
Group says insurers' year to be highly profitable
09:07 PM CST on Wednesday, February 16, 2005
Austin Bureau
AUSTIN – Texas home insurers appear to be on the way to their most profitable year in 15 years, according to a leading consumer group that on Wednesday renewed its call for leading companies to lower their rates.
Texas Watch said new figures on file at the Texas Department of Insurance indicate that the industry will have one of its best years ever if insurance loss ratios for the first three quarters of 2004 hold up through the last quarter.
The figures indicate an average loss ratio of 35 percent from January through September last year, meaning that companies paid out 35 percent of the premiums they collected to cover property losses. That figure is well below the 58 percent loss ratio in 2003 – considered a good year – and the 100 percent-plus numbers in 2001 and 2002 when the market was in a crisis.
"Apparently it is a very good time to be an insurance company in Texas and a bad time to be an insurance consumer," said Alex Winslow of Texas Watch.
Terrence Stutz
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Home > News > National News > Nov 2004
National News
Republican Candidates Win 'Big Time' in Insurance Industry Political Giving in Federal Races
November 2, 2004
The late U.S. House Speaker Thomas P. "Tip" O'Neill (D-Mass.) is famous for insisting, "All politics is local." Apparently, O'Neill wasn't counting the money. When it comes to money in Washington, the biggest players are those with national, not local, profiles and agendas — and large national insurance companies and insurance PACs are among the leaders every year.
In fact, for an industry that is largely regulated at the state rather than federal level, the insurance industry pumps a substantial amount of money into national politics —consistently ranking within the top 10 in industries giving to federal races for president and Congress.
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Follow the Money Honey !
[PDF] In Stereo: Big Donors To Two Texas Speakers
File Format: PDF/Adobe Acrobat - View as HTML
... Top Donors To Associated Republicans of Texas PAC ... Insurance. Austin.
$35450. $100 Kent Grusendorf. State representative. Arlington ...
www.tpj.org/Lobby_Watch/ARTcourt.pdf - Similar pages
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