News from Texas Tribune:

Texas Gov. Rick Perry talks to reporters outside the House chamber as he criticized trial lawyers involved with TWIA on May 28, 2011.

Updated Sunday, 8:50 a.m.

The marathon negotiations over the Texas Windstorm Insurance Association failed to produce a bill, probably prompting a special session later this summer over that issue. The insurer of last resort is short of funds and lawmakers are trying to reform the quasi-government agency and get it on sound financial footing. The last sticking points were over when and how much to compensate policyholders and their lawyers and became a proxy fight for trial lawyers and tort reformers.

Negotiators for the Senate said the House kept adding issues to be negotiated; the other……….. continues on Texas Tribune.
Continue Reading …


Related News:


The Guide to Understanding the Insurance Industry 2009-2010: Check out the vital signs of financially fit insurers
“The Guide to Understanding the Insurance Industry 2009-2010” is an illustrated, easy-to-read handbook that looks at today’s i…
Introduction to Risk Management and Insurance (9th Edition)
This book focuses on problem-solving from managerial, consumer, and societal perspectives. It emphasizes both the business manage…
Insurance Journal
Insurance Journal – Property Casualty Insurance NewsKindle blogs are fully downloaded onto your Kindle so you can read them even w…