Texans living along the coastline have endured a nearly 50 percent hike in Texas Windstorm Insurance Association rates over the past 10 years.
This session, they’re hoping lawmakers are able to rein in costs by focusing on rate control, adding more coastal residents to TWIA’s board of directors and ensuring catastrophe preparedness.
Texas windstorm insurance rates have increased an average of 5 percent every year for the past 10 years for residential properties and 6 percent for commercial properties.
TWIA has spent $2.1 billion on losses and litigation related to 2008's Hurricane Ike.
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