Texas AG Asked To Define TWIA's Duty To Charge Insurers

Law360, Houston (July 8, 2013, 9:53 PM EDT) -- Texas’ top attorney was asked Friday to weigh in on whether a failure by the state’s troubled coastal windstorm insurance pool to assess private insurance companies fees to shore up its ability to pay claims amounts to negligence.

In his request to Texas Attorney General Greg Abbott, Rep. Todd Hunter, R-Corpus Christi, cites a refusal by the Texas Windstorm Insurance Association to charge assessments to insurers as a leading cause of its ongoing insolvency crisis.  He has also asked Abbott to determine whether the TWIA can...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.