House Approves Windstorm Insurance Bill

By: Associated Press
By: Associated Press

AUSTIN, Texas -- The Texas House has approved a compromise on a windstorm insurance system overhaul, an item that could have forced a special legislative session if it remained unresolved.

The compromise plan must still come up before the Senate before the Legislature adjourns Monday.

The House voted Sunday night. The measure relies in part on bonding to replenish the windstorm account to help pay for claims after a major hurricane.

The state-chartered Texas Windstorm Insurance Association was depleted after last year's Hurricane Ike slammed Galveston and southeast Texas.

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