While it has no problem with sharing its rate-filing request with the public, State Farm has filed for an injunction preventing Texas regulators from sharing what it calls “proprietary” information online.

State Farm told IFAwebnews.com that it has filed for the injunction to stop the Texas Department of Insurance (TDI) from sharing the information provided as part of a recent rate filing. The documents at the center of the suit, the insurer said, include reinsurance information “that would be extremely valuable to our competitors” and was not part of the original rate filing.

“Releasing this information would harm our ability to compete in the Texas marketplace,” the company said in a statement.

A hearing on the suit, filed in Travis County District Court, is scheduled for April 14.

The insurer, the largest provider of property coverage in Texas, filed suit after the insurance department recently posted two rate proposals, covering an eight-month span, according to the Dallas Morning News. The proposed increases on homeowners’ policies would be an average of 13% for the company’s 1.2 million policyholders in Texas.

Jerry Hagins, a spokesman for the TDI, said posting rate filing information online is “a new endeavor.” Previously, the TDI would provide that information solely to individuals, including members of the media, who requested it.

“We are doing this and other things to shed more light on the regulatory process,” Hagins told IFAwebnews.com. “This is one more step in that direction to provide more information to the public.”

Hagins added that while State Farm was the first to have its rate filing information posted online, “we plan to do this more,” especially in Texas, a state prone to severe weather, raising interest in homeowners insurance rates.

Hagins countered State Farm’s claim regarding the so-called “proprietary” information, citing state law.

“We feel that the Texas Insurance Code guides us to interpret rate filings as public information in their entirety, including supplemental information,” he said. “We initially posted it without the material they [State Farm] assert is confidential.”

In its statement, State Farm said rate filings are public information and it has “no objection” to regulators publishing such information online or sharing it with customers.

“We agree it is very important for consumers to fully understand the impact of rate changes,” the company told IFAwebnews.com in the statement. “Our State Farm agents are reaching out to our policyholders to explain the individual impact of our recent filings.”