A Special Session for Windstorm Insurance?

[w8liftinglady]

http://www.texastribune.org/texas-special-interest-groups/texas-windstorm-insurance-association/special-session-windstorm-insurance/

School finance negotiations at the state Capitol appear to be coming together, but an impasse over another issue — the Texas Windstorm Insurance Association — could push the Legislature into a special session when the regular session ends Monday.

"The governor stated to me this morning that if we were unable to reach agreement, he most assuredly would call a special session on this issue July 15," said Sen. John Carona, R-Dallas. "It's quite possible based on that statement that we'll be in special session this summer."

TWIA, the insurer of last resort for people seeking coverage for damage from hurricanes and other storms in 14 Texas counties, is running out of money. Hurricane Ike hit the pool particularly hard, and the lawsuits that followed the first round of settlements have further drained it; TWIA is still paying claims from that storm. The money is replenished by insurance companies, which then take credits against their state taxes until they're repaid. In other words, the shortages in the fund are ultimately paid by taxpayers.

The fight over the bill, Carona said, boils down to an argument between to wealthy and powerful men: trial lawyer Steve Mostyn and Gov. Rick Perry. Mostyn has made millions from lawsuits over windstorm insurance claims. And he's spent hundreds of thousands of those dollars on Democratic candidates opposing Perry.

"There's no denying this is becoming a very personal matter between two very powerful individuals," Carona said.

[plumbob]

1. We need to solve this by simply making everything covered by the

insurance companies, instead of letting them cherry pick what they will and won't cover, like flood and wind damage. Cover it all or get out of the business, boys.

Yes, I meant to use the demeaning diminutive boys toward the insurance companies. It takes too long to say "dumbass, bigoted, hicky, ill-educated, born-in-sin-but-I-repent-every-Sunday, stingy, envious, small-dicked assortment of malevolent marginal personality disordered cretins" every time.