An insurers' organization said it will lobby in three states next week to secure a revision of the funding mechanism for the woefully-depleted Texas Windstorm Insurance Association.
The Property Casualty Insurers Association of America's Southwest Region will be focusing on the Arkansas, Texas and Oklahoma legislatures when they convene for new sessions, the group said.
"TWIA is considerably underfunded, and as long as we maintain the current funding mechanism, ultimately the state's financial future is at risk," said Joel Woods, PCI's assistant vice president and regional manager.
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