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Dozens of insurance trade group members spent a day lobbying Texas legislators yesterday urging them to find a proper solution to bankroll the state’s badly depleted windstorm pool that acts as insurer of last resort for coastal properties.

David A. Sampson, president and chief executive officer of the Property Casualty Insurers Association of America, said that PCI member company representatives gave lawmakers the message that it is essential they resolve the funding situation at the state-sponsored Texas Windstorm Insurance Association.


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