What is the purpose of having such a committee if politicians are allowed to arbitrarily over-rule the rate / coverage decisions? When losses happen, that just means the rest of Texas has to cover the premium shortfall. Just pure short term political “head in the sand” CYA.
What is the purpose of having such a committee if politicians are allowed to arbitrarily over-rule the rate / coverage decisions? When losses happen, that just means the rest of Texas has to cover the premium shortfall. Just pure short term political “head in the sand” CYA.
You beat me to it, my thoughts exactly! It should be called “The committee to be overruled by Governor Abbott”
Look at the Gulf. There is 30% chance of a storm hitting the Texas coast. The % will probably go higher.