Texas Senate Works to Replenish Texas' Windstorm Insurance Fund
Early this morning the Texas senate passed legislation that would replenish Texas' windstorm insurance fund. After Hurricane Ike this was a major priority for Gov. Rick Perry who urged the Senate to pass the legislation before hurricane season starts in June.
Texas' windstorm insurance fund provides storm insurance coverage for Texas coastal property owners through the Texas Windstorm Insurance Association (TWIA). The TWIA was created in 1971 after Hurricane Celia struck the coast and insurers stop providing their services in the area. 
TWIA is the only wind insurer for property owners in the 14 first-tier coastal counties in Texas. TWIA does not seek business, rather they are a "last resort" insurer. When no other insurer will provide windstorm coverage for property owners along the Texas coast, TWIA steps in.
According to the Houston Chronicle, the legislation passed this morning "would allow the windstorm association to issue bonds before or after a storm of up to $600 million, to be paid for through charges to TWIA policy holders and other property and casualty policy holders in Texas."
With hurricane season approaching it is important to have the necessary resources, like insurance, lined up in the unfortunate case that it is needed. While we often see insurance companies delay or deny legitimate claims, it is imperative to maintain coverage, buckle down for the storm season, and find the help you may need after a hurricane; whether it be from your insurance provider or an insurance attorney.
