assigned risk plan News

Texas Lawmaker Scolds Insurance Industry Over Coastal Coverage

A state senator in Texas is taking the insurance industry to task for what he perceives as its disinterest in coming up with new approaches to solving coastal windstorm insurance issues. In a Senate committee meeting on March 12, Sen. …

Bill Proposing Property Assigned Risk Plan Filed in Texas

A bill has been filed that would drastically change the structure and/or funding for Texas’ insurer of last resort for wind and hail along the coast. Senate Bill 18 by Sen. John Corona would create the Texas Property Insurance Program, …

Will Texas Windstorm Insurer Remain After the Legislative Session?

Although no bills had been filed as of this writing, proposals are reportedly in the works that would drastically change the structure and/or funding for the association. One measure expected to be filed by Sen. John Corona would create a …