OK, I was watching the news, and they were talking about TWIA - Texas Windstorm Insurance Association - possibly raising their rates. There are many people still recovering from Hurricane Harvey, and a rate increase would in my opinion be detrimental to progress.
Here is what I read from KRIS-TV and the Caller-Times:
- TWIA released a rate adequacy analysis showing its rates were inadequate by 41.7 percent for residential coverage and 50 percent for commercial coverage
- A 10 percent rate hike proposed last year was later put on hold by Gov. Greg Abbott, and the TWIA board in May voted to withdraw the proposal. TWIA was established in 1971 to help provide Texans with wind and hail coverage if they are unable to do so on the private market, according to its website
- A public comment period is open for residents to provide feedback on the rate adequacy analysis. Those can be emailed to CommunicationsMail@TWIA.org. Those comments sent by noon on July 31 will be provided to board members at their Aug. 6 meeting, TWIA officials said.
- Rep. Todd Hunter said it's really simple: "You don't have to say a lot. All they have to say is we're opposed to the rate increase and that will do it," Hunter said.
- A public comment portion will also be held at the meeting, which will be at the Tremont House, 2300 Ship's Mechanic Row in Galveston at 9 a.m.