Today, Rep. Larry Taylor sent a letter (see attached) to the Board Members of the Texas Windstorm Insurance Association (TWIA) stating his strong opposition to the proposed rate increase and outlined substantive internal reforms TWIA should undertake. Letter
“It is imperative the board ask themselves why it is necessary to raise rates again nearly four years after Hurricane Ike with no similar catastrophe since. I am calling on the board to stop the bleeding and seek the following internal reforms immediately:
Taylor concluded by saying, “the people of the coast cannot continue to pay for the mistakes made by TWIA management.”