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Sat May 28, 2011
Special Session Over Wind Insurance?
By KRWG News
Texas – Gov. Rick Perry says there will be a special session if the Texas Legislature can't reach a deal on reforms to a wind insurance program.
Perry said Saturday he will call lawmakers back to the Capitol later this summer if "we don't get a good bill" changing the Texas Windstorm Insurance Association, which is the insurer of last resort for those living in hurricane-prone and severe thunderstorm areas.
The holdup is whether policy holders whose claims are denied can win punitive damages if they win a court challenge. The Senate plan would allow punitive damages, which senators say Perry does not agree with.
Perry described the negotiations as "difficult."
The session ends Monday.
Copyright 2011 The Associated Press.