Recent severe weather events have Texas families and businesses digging out, evaluating property damage, and preparing necessary insurance claims. Meanwhile, the insurance industry and its cohorts at the self-styled Texans for Lawsuit Reform are trying to shove last second changes through the legislature that would roll back decades of key policyholder protections.
Thus far, lawmakers have thwarted their efforts by killing Senate Bill 1628. However, the property insurance industry – which pocketed at least $11.5 billion over the last five years, according to records compiled by the Texas Department of Insurance – wants to use another bill, House Bill 3787, as a vehicle to make a last ditch attempt to place new, onerous burdens on Texas families and businesses.
“This is a sneak attack on Texas families and businesses,” said Alex Winslow, executive director of the policyholder advocacy group Texas Watch. “The Senate should see this for what it is: a naked attempt by a group of desperate lobbyists to ram through a giveaway for the insurance industry. Senators should reject this latest assault on hardworking Texans.” (more…)