Insurance Journal - Going into the peak time of the year for hurricane development, Texas’ property insurance company of last resort in coastal areas has around $800 million in available cash to immediately handle claims in the event a storm hits the state’s coastline. With approximately $300 million on hand from a combination of its catastrophe trust fund and premium revenue, the Texas Windstorm Insurance Association recently negotiated a way to make an additional $500 million available to pay claims, its top manager said. - Go To Story