FOR IMMEDIATE RELEASE
March 6, 2020
AUSTIN — Today, Lieutenant Governor Dan Patrick appointed Senator Juan "Chuy" Hinojosa to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board which was created this past session with the passage of House Bill 1900, co-sponsored by Senator Hinojosa. The board is charged with gathering information regarding how the association's current funding and funding structure operate and how the catastrophic risk pools of other states operate.
Senator Hinojosa issued the following statement:
"I appreciate the appointment by Lt. Governor Dan Patrick to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board. I will continue being a strong advocate for fair windstorm insurance rates. I proudly co-sponsored HB 1900 which created this oversight board to develop recommendations regarding TWIA's funding structure and operations. I look forward to working with my legislative colleagues and our coastal communities to improve regulations and propose funding structures that ensure reasonable, fair, and affordable windstorm insurance rates for coastal residents."
The board is mandated to report its recommendations to the Legislature by Nov. 15, 2020. Other members of the committee include Senator Kelly Hancock, Co-Chairman, Senator Larry Taylor, and Senator Charles Schwertner.