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Public invited to upcoming windstorm insurance hearing
BEAUMONT - KFDM News has learned that a public hearing concerning windstorm insurance is scheduled to take place Wednesday in Beaumont.
The Texas Department of Insurance public hearing is scheduled to take place at 9 a.m. Wednesday the Beaumont Civic Center.
The Coastal Windstorm Task Force, which the Port Arthur Chamber of Commerce is a part of, says it opposes the adoption of proposed changes by the Texas Insurance Agency.
The Port Arthur Chamber of Commerce says it is urging property owners on the Gulf Coast to attend the meeting.
BEAUMONT - From State Representative Joe Deshotel
State Representative Joe Deshotel will welcome Insurance Commissioner Julia Rathgeber to Southeast for a public hearing regarding proposed changes in Windstorm Insurance Wednesday, February 26th at 9:00 a.m. in rooms 1 and 2 of the Beaumont Civic Center.
One of the change being considered is a fee or surcharge on the automobile insurance policies of residents who live in the 14 coastal counties, which Deshotel opposes.
All proposed changes can be seen here: http://tdi.texas.gov/rules/2014/parules
This will be an important opportunity for citizens to express their concerns regarding the states role in promoting an efficient and timely recovery effort from natural disasters such as hurricanes that have the power to indiscriminately impact the lives and property of our coastal community.
The Texas coast is responsible for about 35% of the states economic output but that hasnt stopped non-coastal legislators from attempts to cut funding of this vital resource for residents and businesses, or from attempting to increase the burden of recovery on them from disasters that negatively impact the entire states economy.
There will also be a public hearing in Austin on March 3rd in room 100 of the William P. Hobby Building, 333 Guadalupe St., at 9:30 a.m. Comments may be submitted by email through March 10 at 5:00 p.m. to Brian Ryder at Brian.Ryder@tdi.texas.gov.
Deshotel released this statement:
I appreciate the Commissioner coming to the district to discuss how important the state's financial role is in helping citizens recover from storms. The longer natural disaster victims take to get back on their feet and the deeper they have to dig into their own pocketbooks, the harder it is on our state and local economy.
I hope that my colleagues around the state who often have to deal with other natural disasters such as tornados, are sympathetic to responsible coastal residents who seek to insure their property from such damage, but often find it difficult if not impossible to acquire affordable private insurance options.