State-backed Insurance Group to Raise Premiums

A state-sponsored insurance association in Texas auto insurance plans to increase rates by November 1, says its spokesperson. According to Jerry Johns, a representative of Texas Automobile Insurance Plan Association, the organization is set to implement an increase in premiums this coming November to pay for the increasing cost of medical and repair expenses. The Texas Automobile Insurance Association or TAIPA for short, is an auto insurer that provides adequate protection and coverage to Texans with poor driving records. Most of the organization’s policyholders are motorists that private insurance providers have turned away because of their driving histories. The state ... (more) October 6, 2009

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Original source : http://www.autoquotenow.com/auto-insurance-news/st...