State storm insurance group’s proposed rate hike gets rained on
“Other states [besides Texas] do a much better job to make sure that the state’s insurer is truly the insurer of last resort,” said Josiah Neely, an analyst from the R Street Institute, a Washington, D.C.-based public policy think tank. Neely said that Texas’ dip in policies in the last year “is encouraging … but other states are aggressive in moving people from the state rolls to the private insurer, whereas in Texas it’s voluntary.”
