Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on March 31, The Austin American-Statesman reported. The often-sued association is the state’s insurer of last resort for homeowners and businesses that cannot find commercial insurance because of the risk of hurricanes or severe storms.