Texas Senate Passes Windstorm Bill
The Texas Senate has passed a bill intended to improve the state’s coastal windstorm insurance agency, clarifying the claims process and increasing transparency at the agency.
The measure to reform the Texas Windstorm Insurance Association is nearly identical to the version approved by the Senate during the regular legislative session, according to information posted on the Senate Web site.
The previous bill failed to make it out of a House committee before the regular session adjourned in late May.
The only major change from the version passed during the regular session is the removal of a provision that would have assessed an 18 percent penalty against TWIA for delay in damage reimbursement.
As in the version passed in May, the bill would increase transparency, requiring the agency follow the Open Meetings Act. I
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Riley Named West Virginia Acting Insurance Commissioner
West Virginia Gov. Earl Ray Tomblin announced that Michael D. Riley will serve as acting state insurance commissioner effective July 1. Current Commissioner Jane L. Cline will retire as of June 30 after 10 years in the post.
Riley first joined the insurance commissioner’s office in October 2001 as an administrative services manager and rose to become assistant commissioner of regulation. D