Archive for the ‘General’ Category

TWIA was radically changed by HB 4409

Friday, May 25, 2012 posted by admin

TWIA was radically changed by HB 4409, passed in 2009, and changed further by HB 3, passed in 2011 Special Session.  Some of the prominent changes include the following:

Click here to see complete review

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Windstorm Insurance Conference June 1, 2012

Tuesday, May 22, 2012 posted by admin

2012 Summer Windstorm Conference 10am – 3pm Friday June 1, 2012 Galveston Island Convention Center, Galveston Texas.

Click here for more information

Click here tosee registration  details

Click here to register  for this event


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May 31, 2011 URGENT UPDATE

Tuesday, May 31, 2011 posted by admin

In 2011, Twenty seven windstorm insurance bills were filed in the Texas Legislature;  none of them passed.  Many rate increasing, eligibility limiting, and claim limiting provisions were included in the many bills, but very little to address restoration of adequate sources of funds to pay losses, repealed in 2009, TWIA’S [Texas Windstorm Insurance Association] greatest need.

The two bills which made it into the final process started as identical ‘companion’ bills, but the House version and the Senate version each followed separate paths.  The House passed a bill that would have required any claim disputes to use a written non judicial process designed to eliminate attorney fees, that could last over 2 years.  The Senate passed a bill that included a more streamlined administrative procedure, and also reduced penalties for any proven TWIA [Texas Windstorm Insurance Association] deceptive claims practices, but retained policyholder traditional legal rights to a local trial by jury.

A conference committee was appointed by the Lt. Governor and Speaker of the House, to reconcile the two bills into one, but apparently never functioned.  The Senate Chair was reported to have said that the bill is dead.

The Governor has called a Special Session starting May 31, 2011.  So far, the ‘call’ is only known to include matters which were contained in SB 1811, a critical budget bill.  Windstorm and other ‘important’ matters which also failed to pass in the regular session could be added to this call, or could be made the subject of a second Special Session called by the Governor for a later date.  July 15, 2011 had been mentioned for such a call.

Report by Coastal Windstorm Insurance Coalition [CWIC], registered to Galveston Windstorm Action Committee, Inc., Lee Otis Zapp, Jr., Chair www.CWICTX.ORG .

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To Coastal Texans who took action in 2009

Monday, August 16, 2010 posted by admin

This is addressed to the many Coastal Texans who took action in 2009 to save Texans from the amazingly devastating harms written into: HB 911, SB 14, and other bills of that ilk.  Our unified actions helped to kill those bills.  Instead, HB 4409 was hammered out in the final hours of the 81st Legislature, and signed by Governor Perry June 19, 2009.

To be sure, HB 4409 does no favors for Coastal policyholders, but it is extremely LESS UNfavorable than any other bill that could be passed.   Be sure to thank your Senator and Representative, who joined forces to successfully fend off truly onerous provisions.  [Attached are 1 page and 4 page summaries of HB 4409 as passed]

CWIC has been asked to testify August 24, 2010 to the Senate Business and Commerce Committee regarding the implementation of HB 4409.  This is to request your input preparatory to testifying.  Please attach a one page letter to a ‘reply’ to this email, stating your views on: Texas Windstorm Insurance Asssociation [TWIA] coverage, affordability, funding of losses [seriously LIMITED BY HB 4409], claims  payment processes, and any recommendations to enhance services and improve stability of TWIA.

If your attachment is received Friday morning, August 20, 2010, we will try to include it in the official record of the hearing.  A show of strength can make a difference.

Recently the new TWIA board voted to file a 5% 2011 rate increase, and additional 5% increases each year until the rate meets their actuary’s opinion of ‘enough’.  Under HB 4409, TWIA can file for an increased rate of 5% or less and start to use the higher rate; the commissioner no longer has power to reject such a filing  [in 2009 TWIA’s actuary reported a need for 20 – 25% increase; the ‘old’ board voted to file for 10% increase; the commissioner rejected the filiing].  CWIC will be monitoring the 2010 filing, due by August 15.

Thank you for your past participation.  Prepare for 2011, spread the word: “Unite with CWIC” to reverse unjustified legislative changes; to oppose attempts to expand them.

Respectfully,
Coastal Windstorm Insurance Coalition [CWIC]
Hosted by Galveston Windstorm Action Committee, Inc.,
Lee Otis “Otie” Zapp, Jr., President

To view or download additional information click Below:

HB 4409 changes TWIA June 19, 2009

SYNOPSIS OF Sections 5 through 49, [Windstorm Insurance sections] HB 4409, 5/30/09 CONFERENCE COMMITTEE REPORT

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New Page Added “Useful Links”

Friday, November 13, 2009 posted by admin

We have added a new page, “Useful Links” for information updates such as;

Welcome to: The Office of Public Insurance Counsel

Great place to keep current about Texas Insurance Issues

COASTAL CONSUMERS PAGE

Texas Insurance issues for the Coastal Communities

New links and video clip access will be added as approved.

Your Admin. Al Miller


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Conference Committee report on HB 4409

Tuesday, October 20, 2009 posted by admin

The Texas House of Representatives and Senate each adopted the Conference Committee report on HB 4409 unanimously in the closing hours of the 81st Legislature.  Governor Perry signed the bill into law in Galveston on June 19, 2009.

Lee Otis “Otie” Zapp, Jr.

Click on links below to Review Documents

Conference Committee Report

Chart

Summary

Bullets

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KEY HOUSE OF REPRESENTATIVES and SENATE MEMBERS  Contact Information:

Click here for information

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A View from the Coast May 14, 2009

Thursday, May 14, 2009 posted by admin

As full time residents of Port Aransas (Port A), we have followed the proposed changes to windstorm coverage with shock and horror! We are full time residents of Port A and are approaching retirement age. We have watched as our retirement savings have been decimated by this recession. Real estate sales are at a standstill as a result of the recession, so we can only guess how far home values have already fallen. Now your proposals would likely further decimate our home value, our only remaining source of retirement savings. Your timing is horrible!……

to read more click here!

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A Handout available for use by those traveling to Austin to make a point.  Hopefully, there will be enough opportunity to communicate to Legislators that Insurers NOT Insureds have CAUSED TWIA problems.  The real solution, fair to Insurers AND Insureds, is to restore the voluntary market, even if it takes a little discipline to make it happen.
SEE YOU IN AUSTIN TUESDAY.
For CWIC, Otie Zapp

Click here to download.

Comments Off on DON’T LET A BAD BILL “KILL THE COAST” Whole Coast Comes to Austin 5/5/09 to SHOW THE LEGISLATURE That Available and Affordable WINDSTORM INSURANCE IS VITAL TO TEXAS’ ECONOMY TWIA FUNDING NEEDS FIXIN’; DON’T MESS WITH THE REST! IT AIN’T BROKE!

CSSB 14 has taken center stage in the windstorm insurance arena.

 After 4 substitutes for SB 14 had been presented, Lt. Governor Dewhurst is pressing for divergent views to be reconciled in time to pass a bill out of the Senate by May 6, 2009.  Coastal Senators have demonstrated to other Senators that many punitive provisions would harm the Texas economy.  The result is that bill revisions are possible which could make CSSB 14 acceptable to TWIA actual and potential future policy holders.

The House Insurance Committee has several windstorm bills left pending, including some of great concern, but it seems to be awaiting Senate action. 

 The Corpus Christi Chamber of Commerce has initiated, and ALL CWIC interested parties are encouraged to participate, in a noon May 5, 2009 “Don’t Kill the Coast” blitz at the Texas Capitol steps.  This action, attended by hundreds from all parts of the Texas Coast is designed to communicate in unmistakable terms that this is a life or death issue for the Coastal economy.

A Galveston County bus reservation form is attached below.  Others come by plane, train, bus or drive, but COME join your fellow Texans to show in the strongest communication possible–your bodily presence– that this is vitally important to you.  This is the best way to show YOUR Senator and Representative that YOU APPRECIATE THEIR STRONG PROTECTION!  

DON’T LET A “BAD” WINDSTORM INSURANCE BILL

  KILL THE TEXAS COAST!!

 

Join the Galveston Chamber of Commerce on a

 

 TRIP TO AUSTIN

 

Tuesday, May 5th, 2009

 

Bus will leave Target Parking lot at 7:00 a.m.

 

42 SEATS AVAILABLE

 

Chamber members will join the Mayor of Corpus Christi, the Corpus Christi Chamber of Commerce and their members

(14 buses) along with the CWIC – Coastal Windstorm Insurance Coalition

In support of Legislation beneficial to the Texas Coast. 

 

Supporters will meet at 12:00 noon on the Capitol Steps

 

Please RSVP Gina Spagnola at gspagnola@galvestonchamber.com

 

Reservations will be handled on a first come first served basis.

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