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.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063