NU Online News Service, June 2, 1:25 p.m. EDT
The Texas legislature passed legislation reauthorizing the Texas Department of Insurance (TDI), but did not act on separate legislation to reform the state's last-resort wind insurer, the Texas Windstorm Insurance Association (TWIA).
Joe Woods, vice president, state government relations for the Property Casualty Insurers Association of America (PCI), says the TDI, like all state agencies, has to go through a sunset review process every 12 years. Two years ago, he explains, a reauthorization bill got caught up in a last-week filibuster and died. The legislature approved a two-year extension, and the program was reviewed again this year.
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