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Windstorm insurer puts forth rate hike

from Houston Chronicle

As lawmakers in Austin passed a bill restricting litigation against the Texas Windstorm Insurance Association, the storm insurer of last resort proposed a 5 percent rate hike at a meeting in Galveston. The association board signaled it intended to stick to a long-term strategy, started last year, of implementing 5 percent increases annually until it feels rates are adequate to cover potential claims. more

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