Dallas-Area Senator Files Bill to Abolish Consumer Advocate for Insurance
Hancock said having an insurance department and a separate agency to represent consumers is “a waste of taxpayer money.” He added this his bill “will continue to protect consumers and reduce wasteful spending.” But consumer groups sharply disagreed. “Why would lawmakers even consider eliminating the one thing that gives Texas policyholders a fighting chance against Big Insurance?” asked Alex Winslow of Texas Watch, a consumer group that follows insurance issues. He said that by objecting to State Farm’s rates, OPIC is performing its statutory duty to represent the interests of consumers. “This state office with a handful of employees and a tiny budget shouldn’t be threatened with abolishment simply for doing its job,” Winslow said. The agency was created by the Legislature in the early 1990′s under an insurance reform bill.
It’s hard for me to fathom how much money is being funneled to candidates such as this one. It’s almost as if they revel in screwing regular citizens into the ground. What else could provide such incentive?