May 31st, 2009 - Houston Chronicle
Related topics:
AUSTIN, Texas — The Texas House unanimously approved a compromise on a windstorm insurance system overhaul Sunday night, an item that could have forced a special legislative session if it remained unresolved.
The plan must still come up before the Senate before the Legislature adjourns Monday.
The House-Senate compromise relies in part on bonding to replenish the windstorm account to pay for claims after a major hurricane. The state-chartered Texas Windstorm Insurance Association — the only property insurer for residents and businesses in 14 coastal counties — was depleted after last year's Hurricane Ike slammed Galveston and southeast Texas.
Related stories:
House approves windstorm insurance bill
May 31st, 2009 - Houston Chronicle
AUSTIN, Texas — The Texas House has approved a compromise on a windstorm insurance system overhaul, an item that could have forced a special legislative session if it remained unresolved.
House, Senate quit for the night
May 30th, 2009 - Houston Chronicle
AUSTIN, Texas — The Texas House and Senate have gone home for the night, putting off until Sunday votes on several major issues, including how to restore the depleted windstorm insurance fund.
Related videos from YouTube:
5:17Texas Governor Perry Signs UTMB Funding and TWIA Reform Bill
House Bill 4586 includes $150 million in funding for the University of Texas Medical Branch (UTMB) in Galveston and reforms the Texas Windstorm Insurance Association (TWIA)
0:31Castle
Our homes are our castles. Windstorm insurance rates are climbing, and the solution is simple. I am working to make it were the Insurance Commissioner is elected by the people of Texas. Together we can protect our homes from special interests ...
0:33Power
We need to keep rates down and prevent energy companies from passing their lobbying cost on to consumers. That's change that will make a difference for families now. ... Juan Garcia Todd Hunter House District 32 Windstorm Insurance Commission Texas
