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TEXAS HOMEOWNERS One Company’s Perspective

TEXAS HOMEOWNERS One Company’s Perspective. Dave Lacefield Texas Select Lloyds Ins. Co. TEXAS HOMEOWNERS. The Texas Select Story The Crisis and Our Response What Made Us Think We Could Succeed? Regulatory and Legislative Reactions The New Environment Would We Accept the Challenge Again?.

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TEXAS HOMEOWNERS One Company’s Perspective

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  1. TEXAS HOMEOWNERSOne Company’s Perspective Dave Lacefield TexasSelect Lloyds Ins. Co.

  2. TEXAS HOMEOWNERS The TexasSelect Story The Crisis and Our Response What Made Us Think We Could Succeed? Regulatory and Legislative Reactions The New Environment Would We Accept the Challenge Again?

  3. TEXAS HOMEOWNERS The TexasSelect Story Certificate of Authority—May 2000 Consortium of Investors Subsidiary of FloridaSelect Acquired by Vesta Insurance Group—July 2001 Direct Premiums Written 200020012002 $2,378 $15,741,112 $190,311,671 All Homeowners, All The Time

  4. TEXAS HOMEOWNERS The Crisis and Our Response Pricing In A Changing Environment Judgment v. Data The Wonders of a Hard Market Putting Capacity To Work Running Around The Big Guys

  5. TEXAS HOMEOWNERS What Made Us Think We Could Succeed? Pricing Freedom of Texas Lloyds New Coverage, New Claims Protocol BPO Outsourcing Internet

  6. TEXAS HOMEOWNERS Regulatory and Legislative Reactions HO-162A and New Policy Forms SB 14 And Companion Statutes Greater Power in the Commissioner’s Office New Rate Regulation More Underwriting Restrictions

  7. TEXAS HOMEOWNERS The New Environment Prior Approval With Transition To File-and-Use Restrictions On Underwriting and Pricing Water Claim Rules, Territory Rate Constraints, Credit Scoring

  8. TEXAS HOMEOWNERS Would We Accept the Challenge Again? Greater Constraints On Pricing and Underwriting Longer Time-To-Market Reduced Responsiveness Potential Rate Suppression TWIA--$2-3 Billion PML FAIR Plan—High Growth, Rate Adequacy Questions Catastrophes—Reinsurance Costs

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