Better times could be on the horizon the Texas Windstorm Insurance Association. The Texas Windstorm Insurance Association, or TWIA, has been in a precarious position since Hurricane Ike, but $500 million in bonds could help the organization’s balances. Lawmakers recently held a hearing to better ascertain the financial stability of the TWIA, but reactions were mixed. Though … [Read more...] about Lawmakers Review Texas Windstorm Insurance Association
State Government
Oil Spill Money Helps Texas Protect Coast
Money paid by BP and Transocean to settle criminal penalties arising from the 2010 Deepwater Horizon oil spill has helped Texas close the largest conservation land purchase in the state's history: Just over 17,000 acres of undisturbed coastal prairie in Calhoun County for $50 million. The Texas Parks and Wildlife Foundation (the non-profit fundraising arm of the state’s parks … [Read more...] about Oil Spill Money Helps Texas Protect Coast
Hunter bill to curb state insurance agency powers
By Gina Keating Texas Rep. Todd Hunter on Thursday said he will introduce legislation to sharply curb the powers of the Texas Department of Insurance to hike rates on coastal Texans and to force the agency to disclose potential collusion between its commissioners and the insurance industry. Hunter disclosed details of the bill at a lunchtime meeting with business leaders on … [Read more...] about Hunter bill to curb state insurance agency powers