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Texas Restructures Windstorm Insurance Fund

Texas / South Central News • June 22, 2009
Texas Gov. Rick Perry on Friday signed into law bills to restructure the state's windstorm insurance fund, the only property insurer for homeowners and business in 14 coastal counties, and provide ...

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Subject: Doesn't Do Enough!!!

Posted On: June 22, 2009, 1:50 pm CDT
Posted By: KentU
Comment:
The assessment on the private insurance market is still not acceptable if the TWIA runs out of money again. A single hurricane season with several bad storms could wipe out the fund again. It is my understanding that the new plan continues to assess the private carriers before the bonds begin to pay - why? The TWIA should be required to sustain the same ratios of reserves and/or reinsurance as the private insurance carriers. If so, there would probably be more carriers willing to insure coastal risks because the TWIA premiums would have to be more realistic.
Subject Posted By Posted On
RE: RE: Wind bags in Austin Interested
Jun 22, 2009, 5:09 pm
RE: Wind bags in Austin Dr Philipe
Jun 22, 2009, 5:01 pm
Wind bags in Austin heyward fetner
Jun 22, 2009, 2:07 pm
Doesn't Do Enough!!! KentU
Jun 22, 2009, 1:50 pm
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