Date Posted:08:03:48 08/29/11 Mon Author: Faye Mclaughlin Author Host/IP: 99-190-132-105.lightspeed.austtx.sbcglobal.net / 99.190.132.105 Subject: TWIA Truth
This June, Rick Perry called a special session to reform the Texas Windstorm Insurance Association. What came of the law was nothing to help TWIA policyholders. Perry cut short negotiations and legislators adopted the worst possible law for property owners along the Texas coast. This law treats TWIA policy holders like second class citizens. The new law will probably result in higher costs to take a claim to court for TWIA policy holders than other insurance holders. The new law also strips consumer protections requiring windstorm insurers to investigate their claim in a timely manner. Perhaps the scariest part of the bill is the so-called “expert” panel, an unelected, unaccountable panel that is created to investigate all TWIA claims. We deserve the right to hold the people accountable who are creating new guidelines for the insurance that is supposed to cover our property. Lastly, the new law is retroactive, meaning it destroys current contracts. All in all, I couldn’t have conceived a worse law for TWIA policy holders. You can find out more at www.twiatruth.com
