Property

1
Property Casualty 2008Compliance Conference
2
Helpinsure.comA comprehensive resource for
Texans shopping for auto and residential property
insurance
3
Senate Bill 611

• Enacted by 80th Legislature (2007)
• Requires TDI and OPIC to maintain a single
  website to help consumers shop for auto and
  residential property insurance
• Mandates certain types of information that must
  be included
• Website live by September 1, 2008
• Requires TDI to collect data regarding
  underwriting profits/losses and rate filing (auto
  and homeowners)
• 2007 4th Quarter Report www/tdi.state.tx.us/repo
  rts/report4.html
• 2008 1st Quarter report will be published June
  2008

4
The OLD Helpinsure.com

• Information about homeowners insurance, wind and
  hail coverage, FAQs, shopping tips, etc.
• Listings of agents and current providers
• Agent and company look ups verify license,
  etc.
• Service to allow agents, insurers to view
  consumer information and contact them regarding
  their insurance needs
• Homeowners insurance only

5
The OLD Helpinsure.com
6
The NEW Helpinsure.com

• All the features of the old Helpinsure.com, PLUS
• An interactive application that allows consumers
  to enter information about themselves and their
  situation and then view rate estimates for auto,
  homeowners, townhome/condo, and renters insurance
• Sample rates viewable for every Texas ZIP code

7
The NEW Helpinsure.com

• Policy coverage comparisons
• Detailed information about discounts
• Which companies use credit scoring and how they
  use it
• How to contact companies
• Shopping tools worksheets, questions to ask
  companies/agents, home inventory checklist

8
The NEW Helpinsure.com
9
Helpinsure.com Pre-launch

• Industry and consumer focus groups to gather
  feedback on design, content, and features
• Focus groups held in December 2007 and February
  and April 2008
• Next focus group June 30
• Hosted technical conference calls to assist
  insurer staff with developing sample rates and
  programming electronic data files
• Calls held in January, March, and April 2008

10
Helpinsure.com Pre-launch

• Accepted test data files from carriers
• Answered technical questions about the data call
  and posted answers on a special Helpinsure.com
  data call FAQ page
• www.tdi.state.tx.us/consumer/datacallfaqs.html
• Additional questions will be added as they come
  in

11
Helpinsure.com Pre-launch

• Developed sample rate query application to
  display sample rates and allow consumers to run
  customized reports how they will view the
  data
• Partnered with OPIC to develop policy comparison
  information
• Existing homeowners coverage comparisons
• New private passenger auto coverage comparisons
• Company data due June 1

12
Whats Next

• Finalize design, content
• Last round of focus groups on June 30
• Companies will have a chance to review and
  confirm their data pre-launch, including
• Sample rates
• Contact information (please double-check phone
  numbers!)
• Other information discounts offered, use of
  credit scoring, any special underwriting notes,
  etc.

13
Whats Next

• Go live by September 1, 2008
• www.helpsinsure.com