The Texas Windstorm and Insurance Association, a last-resort insurer, voted earlier this month to raise rates for homeowners along the Gulf Coast.
House lawmakers on Friday called for a legislative response after the state’s insurer of last resort voted this month to raise rates for homeowners along the Gulf Coast , signaling they may be open to broader reforms in the state’s insurance market.
was created decades ago to insure homeowners who couldn’t afford wind and hail coverage on the private market. It insures Texas’ 14 coastal counties and a corner of Harris County. David Durden, ’s reinsurance costs, he said, a “dramatic increase” from 2021. Reducing
House State Affairs Office Of Public Insurance Counsel Texas Department Of Insurance Amarillo Republican John Smithee David Durden Todd Hunter Richard Raymond Cassie Brown Hurricane Beryl Laredo Democrat David Bolduc Texas Gulf Coast Harris County Corpus Christi California
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