Texas AG Snubs Windstorm Insurer's Assessment Question

Law360, Houston (January 2, 2014, 3:59 PM EST) -- Texas Attorney General Greg Abbott declined Monday to say whether the state’s cash-strapped coastal windstorm insurance pool is obligated to charge fees to member insurance companies to avoid insolvency but suggested the insurer could unload debt on policyholders.

In response to an inquiry from Rep. Todd Hunter, R-Corpus Christi, Abbott said his office is not authorized to opine on whether the Texas Windstorm Insurance Association was negligent in failing to levy assessments on insurance companies in the wake of a disastrous 2008 hurricane season that drained...
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