Lake Houston - Humble - Kingwood Edition | July 2025

BY RACHEL LELAND & JULIANNA WASHBURN

The conditions

Looking ahead

In Texas, 160 companies oˆer homeowners insurance policies, which is a 20% increase compared to a decade ago, according to the TDI. In 2023, insurance companies sold more than 8.7 million policies in Texas—up 35% from 2013. Still, insurance companies are struggling in Texas, according to ¢lings from multiple insur- ance companies. In 2022, the San Antonio-based United States Army Automobile Association, or USAA, reported the ¢rst loss in its 102-year history, according to the insurer’s 2022 annual report. Statewide, home insurers have paid out more than they collected annually in years that correspond with natural disasters such as Hurricane Harvey and Winter Storm Uri. Other insurance companies are limiting the policies they write in Texas, ¢lings show. “Our advice to consumers is to keep shopping,” TDI Communications Specialist Ben Gonzalez told Community Impact in an email.

Texas insurance protability Three times in the past decade, insurance companies in Texas paid out more money than they collected, resulting in a loss in certain years.

Hurricane season tips • Shop for windstorm insurance if it’s not included in your home insurance policy. • Consider car insurance coverage for damage from ˜ood, hail, ™re and wind. • Have physical and digital copies of policy declaration pages and insurance cards. • Consider ˜ood insurance policies, which usually take e›ect 30 days after purchase. • Evaluate your home’s roof and windows. • Take inventory of your home in case an insurance claim needs to be ™led. Research experts recommend data-driven infrastructure planning and accurate ˜ood risk mapping to address climate risks across Harris County, where more than 20% of all housing units are in major ˜ood areas. According to a June 17 report, Rice University’s Kinder Institute of Urban

150% Years with a pro™t

Years with a loss

100%

50%

0%

*PERCENTAGES ARE BASED ON DIVIDING TOTAL EXPENSES BY REVENUE, RESULTING IN ANYTHING UNDER 100% BEING CONSIDERED PROFITABLE. SOURCE: AM BESTŠCOMMUNITY IMPACT

SOURCE: TEXAS DEPARTMENT OF INSURANCEŠCOMMUNITY IMPACT

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LAKE HOUSTON  HUMBLE  KINGWOOD EDITION

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