State lawmakers today begin considering how to fix the Texas Windstorm Insurance Association (TWIA), a publicly run private pool of insurance money thats still paying out millions of dollars in claims to victims of Hurricane Ike. A joint House-Senate panel created by a 2009 bill will look at ways to restructure the quasi-governmental insurer of last resort, but the chairman of the House Insurance Committee, state Rep. John Smithee, R-Amarillo, has already suggested that TWIA should be abolished if it cant be fixed.
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