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Insurers Seek to Boost Hurricane Insurance Along Texas Coast

Texas / South Central News • March 16, 2006
Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to ...

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Subject: RE: Texas Gulf Coast & Hurricanes

Posted On: March 16, 2006, 3:59 pm CST
Posted By: Chuck
Comment:
I believe you missed the point. I see nothing in the article about people failing to buy insurance. the problem is the pool rates are insufficient to cover a cat loss that does not happen every year. Since our politicans will not let the pool accumulate money over a period of years ( they will wnt to use surplus to pay for other programs), I suspect the bond proposal along with a significant increase in pool rates might be part of the answer.
Subject Posted By Posted On
Windstorm Coverage Jack
Mar 17, 2006, 9:59 am
RE: Texas Gulf Coast & Hurricanes Chuck
Mar 16, 2006, 3:59 pm
Texas Gulf Coast & Hurricanes Connie
Mar 16, 2006, 3:12 pm
issue bonds carlfarm
Mar 16, 2006, 2:02 pm
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