TWIA

Highway 87 along the shoreline looking south toward Gilchrist, Texas. FEMA photo

Chambers of commerce representing Beaumont, Corpus Christi, Galveston, La Marque, Port Aransas, Port Arthur, Portland and Texas City came together in Corpus Christi on Friday, July 25, to address sustainable funding for Texas Windstorm Insurance Association. Local city and county governments joined the group led by Foster Edwards, CEO/President of the Corpus Christi Chamber of Commerce and hosted by the city of Corpus Christi.

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State Rep. Larry Taylor (R-Friendswood) made national news late last month when he released a report stating that since Hurricane Ike struck the Texas Gulf Coast more than four years ago, the Texas Windstorm Insurance Association (TWIA) has paid out more than $1.2 billion dollars on individually litigated claims related to the disaster.

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When Hurricane Ike devastated a large section of the upper Texas Gulf Coast, it exposed not only the vulnerability of man-made structures to nature’s fury but the inadequacy of the measures put in place to deal with the resulting financial ruin.

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