Texas Lawmakers Revive Hurricane Insurance Pool

Law360, New York (June 2, 2009, 12:00 AM EDT) -- On the eve of hurricane season, the Texas Legislature has passed a bill to recapitalize the Texas Windstorm Insurance Association, a pool of all property/casualty insurance companies authorized to write coverage in the state, whose funds were depleted in 2008 as a result of hurricanes Dolly and Ike.

Texas lawmakers passed H.B. 4409 on Monday, the final day of the legislative session, after a conference committee report was amended by the state's Senate on May 27 to include provisions for dealing with TWIA reform, such as...
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