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Letter from Austin: Kitzman drops bomb on TWIA

by Julie Drenner on February 29, 2012 · View Comments

In just over a decade, the Texas Windstorm Insurance Association’s market share has tripled to include over half of the policies written in the Tier 1 coastal region of the state

Insurance Commissioner Eleanor Kitzman is soliciting consultants to propose a “fundamental restructuring” plan for the windstorm association.

Despite recent increases, the Texas Windstorm Insurance Association’s rates still don’t pass actuarial muster.

The Texas Windstorm Insurance Association is laying out its plan to cut costs with a more efficient and transparent system for legal expenses.

In her Letter from Austin, Texas director Julie Drenner discusses TWIA’s many deficiencies to private insurance and the problems Texas has had in using the stimulus monies designated for Hurricane Ike victims.

Perry Fails on Free Market Insurance

by Matthew Glans on August 16, 2011 · View Comments

Texas Governor Rick Perry, the newly minted Republican Presidential Candidate, plans to run a campaign touting heavily his free market philosophy and success in bringing jobs and economic growth to his state, even during a recession. While there are many free market successes that Governor Perry can rightfully claim under his watch, one portion of the [...]

Eli Lehrer thinks Obama nominee Rebecca Wodder – the former head of American Rivers – has a lot to offer small-government conservatives. He thinks that Texas Governor Rick Perry’s record should give pause to small-government conservatives. And he thinks that the current lineup of wannabe Presidents skews odd. Very odd.

As part of the conference committee report passed this week, legislative members included a provision to allow an interim study on alternative ways to provide windstorm and hail insurance to the seacoast territory of the state. The report specifies the committee shall: “(1)  examine alternative ways to provide insurance to the seacoast territory of this state, [...]

Eli Lehrer on the COASTAL Act and its implications for Write Your Own policies. Lehrer also weighs in on Katy Perry’s health care policy ideas, and TWIA reform.

As a sign of the deep frustration over passing any TWIA bill this year, Senator Troy Fraser, R-Horseshoe Bay, filed a bill to completely abolish the association. Most surprisingly, nineteen of the thirty-one Senators co-signed the legislation. The bill itself is not friendly for the free market since it requires private insurers to write policies [...]

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