FOR IMMEDIATE RELEASE
July 22, 2022
AUSTIN, TX — Today, Lieutenant Governor Dan Patrick reappointed Senator Juan "Chuy" Hinojosa to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board which was created in 2019 with the passage of House Bill 1900, co-sponsored by Senator Hinojosa. Due to the COVID pandemic in 2020, the Board was not able to meet and produce a report. This Board was re-authorized during the 2021 legislative session with the passage of Senate Bill 1448 also co-authored 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 Lt. Governor Dan Patrick reappointing me to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board. As a strong advocate for fair windstorm insurance rates, I will continue to monitor how TWIA is funded and operates. I proudly co-sponsored HB 1900 in 2019 and SB 1448 in 2021 to create this oversight board to develop recommendations that make TWIA operational and sustainable. 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, 2022. Other members of the committee include Co-Chair Senator Charles Schwertner, Senator Lois Kolkhorst, Senator Brandon Creighton, Representative Ryan Guillen, Representative Abel Herrero, Representative Mayes Middleton, and Representative Ed Thompson.