The Galveston and Corpus Christi Chambers of Commerce and the Coastal Windstorm Insurance Coalition today sponsored the Summer Windstorm Insurance Conference at the Galveston Island Convention Center.
Galveston Insurance Agent Henry Freudenberg proposed a concept that he said he first conceived 25 years ago, to “solve the insurance dilemma facing the insurance-buying public along the Texas Gulf Coast. Handout
The proposal would require that all insurance companies providing homeowners insurance in Texas to provide the same homeowners policy on the coast as they do throughout the state, “And in addition to allow each company, if they choose, not to provide windstorm coverage along the coast.”
Freudenberg said insurance companies that choose not to provide windstorm coverage would be able to cede that portion of the policy to the Texas Windstorm Insurance Association.
“This concept would accomplish many of the goals that city, county and state officials have been seeking for years,” Freudenberg said.