Thus far, lawmakers have thwarted their efforts by killing Senate Bill 1628. However, the property insurance industry – which pocketed at least $11.5 billion over the last five years, according to records compiled by the Texas Department of Insurance – wants to use another bill, House Bill 3787, as a vehicle to make a last ditch attempt to place new, onerous burdens on Texas families and businesses.
“This is a sneak attack on Texas families and businesses,” said Alex Winslow, executive director of the policyholder advocacy group Texas Watch. “The Senate should see this for what it is: a naked attempt by a group of desperate lobbyists to ram through a giveaway for the insurance industry. Senators should reject this latest assault on hardworking Texans.”
The timing of the death of the bill is striking in the wake of massive flooding in the Austin and Houston areas this week. The timing of the insurance industry’s back-handed attempts to push the bill through in the wake of the floods (and property damage claims sure to follow) is startling.
It appears these oppressive changes won’t win the day. With the last-ditch efforts to add them into other pieces of legislation, we’ll just have to keep our eyes out a little longer.