AUSTIN – The Texas Public Policy Foundation’s Center for Economic Freedom today released a paper by Vice President of Research and Center for Economic Freedom Director Bill Peacock on reforming Texas’ state-run windstorm insurance program. The paper, Fixing Texas’ Windstorm Insurance System, lays out recommendations to achieve a sound insurance climate on the Texas’ coast.
“Given the status of Texas’ state-run windstorm insurance, Texas consumers and taxpayers are ultimately at risk if a major storm strikes the Texas coast,” said Peacock. “However, the situation is getting better and could be greatly improved with a few changes allowing windstorm rates to be based on risk.”
To read the full report, visit: http://txpo.li/fixing-texas-windstorm-insurance
Bill Peacock is vice president of research and director of the Center for Economic Freedom at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.