In testimony scheduled for an Oct. 19 hearing of the Texas Legislature’s Joint Committee on Oversight of Windstorm Insurance, R Street Texas Director Julie Drenner proposes lawmakers limit the Texas Windstorm Insurance Association’s potential harm to taxpayers by imposing tough new conflict of interest standards and requiring the association to transfer risk away from taxpayers; shrink TWIA by restricting coverage for high-value properties and second homes; phase-in actuarially sound rates for all properties in TWIA; and resist all calls to create a state-level catastrophe fund.

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