NO WINDSTORM INSURANCE RATE INCREASE ……….
The Texas Department of Insurance has denied a 10% rate increase requested by the Texas
Windstorm Insurance Association. According to TDI, the state-backed windstorm insurer’s
current rates should cover its projected costs & the costs of financing bonds it would need to
issue following a catastrophic storm. Rates for homeowners jumped 12.3% in February & 15.6%
for commercial property owners. Texas Windstorm Insurance Association has 2,800 policyholders
in Harris County & roughly 64,900 in Galveston County.
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