smithee News

Texas Wind Pool: $800M Available for Claims Should Storm Hit Coast

Going into the peak time of the year for hurricane development, Texas’ property insurance company of last resort in coastal areas has around $800 million in available cash to immediately handle claims in the event a storm hits the state’s …

Texas Lawmakers Roll Out Plans to Reform Wind Pool

Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives Insurance Committee Chairman Rep. John Smithee …