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NU Online News Service, June 28, 3:55 p.m. EDT

A 5 percent rate increase by the Texas Windstorm Insurance Association may lead to more stability for consumers, said an official from an independent agent association in the state.

Lee Loftis, government affairs director for the Independent Insurance Agents of Texas, said last week’s decision by the Texas Windstorm Insurance Association would bring a little predictability and stability to rates for coastal clients who just last year suffered through some double-digit increases in the aftermath of Hurricanes Ike and Dolly.

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