April 23, 2015 10:54 AM

Compromise likely on competing windstorm insurance bills

The final makeup of oversight committee is still to be hammered out

Stakeholders in the debate around the future of the Texas Windstorm Insurance Association left the House Insurance Committee this week optimistic that a compromise can be reached between the House and Senate versions.

For one, Sen. Larry Taylor, R-Friendswood, has softened language in Senate Bill 900 for a potential third-party company to come in and manage TWIA.

The “shall” in SB 900 has been shifted to “may,” providing some room for maintaining the current management structure while still providing room for swinging the axe if TWIA does not maintain its current course of improvement.

By Kimberly Reeves