Highlights and News
OPIC's Kimberly Donovan Named 2020 NAIC Consumer Liaison Representative
The National Association of Insurance Commissioners (NAIC) recently announced their 2020 Consumer Liaison Representatives. OPIC’s Chief Policy Analyst, Kimberly Donovan has been appointed as one of the funded Consumer Liaison Representatives. The Consumer Liaison Program “promotes consumer interaction with the NAIC’s members, the insurance industry and interested parties through the individuals’ dedication and commitment to serving the public interest,” an NAIC press release said.
OPIC Provides Comments on TWIA Rate Recommendation
OPIC sent comments to TWIA regarding their 5% rate increase recommendation made on November 19, 2019. OPIC asks TWIA Board to delay rate vote pending additional information regarding the hurricane modelers.
Now Accepting Applications for TAIPA Alternate Public Member
OPIC is seeking applicants to serve as an alternate public member for the Texas Automobile Insurance Plan Association (TAIPA). TAIPA provides auto insurance to qualifying Texans in order to help them comply with the requirements of the Texas Motor Vehicle Safety Responsibility Act. The deadline to apply is 5:00 p.m. on Friday, January 17, 2020.
For more information and to apply, visit our TAIPA Application page.
OPIC Creates Claims Handling Information Pages
Suffering damage or loss to your home or auto can be stressful. Filing a claim doesn’t have to be. OPIC created pages dedicated to residential property claims, first-party auto claims and third-party auto claims. These pages include tips on filing a claim, what to expect during the claims handling process, and what to do if there is a problem with your claim.
OPIC Provides Comments on TWIA Rate Analysis
OPIC sent comments to TWIA regarding their rate adequacy analysis on July 31, 2019. We expressed concerns with the methodologies and assumptions used, and that TWIA’s overall rate indication is inflated.