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Author Archives: Lee Loftis, Government Affairs
TWIA Reports Funding Available for Weather Events
The Texas Windstorm Insurance Association (TWIA) has announced its available funds in the event of a catastrophic weather event in Texas. TWIA has secured $4.9 billion in total funding for 2017. This includes $147 million that has been contributed to … Continue reading
Texans for Lawsuit Reform Issue Statement on Final Senate Passage of HB 1774
Texans for Lawsuit Reform issued the following statement regarding the final Senate passage of House Bill 1774, the consumer protection bill to stop rampant weather-related lawsuit abuse: “The Texas Senate has sent a strong message to storm-chasing lawyers who exploit … Continue reading
Statement on the Passing of Insurance Commissioner David Mattax
It is with deep sorrow that we share the sad news that Commissioner Mattax passed away Thursday, April 13. The Commissioner was diagnosed with lung cancer late last year. TDI reported that he was very grateful for the messages he … Continue reading
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New Proof of Declination of Coverage Form Added to TWIA.org
A new Proof of Declination of Coverage form was recently added to TWIA.org. Agents can use this new form for each TWIA application submitted to document the information required and be in compliance with TWIA requirements. Please visit the TWIA Declination … Continue reading
IIABA’s Big “I” Legislative Conference Coming in May
After you attend IIAT’s Big “I Legislative Day, Jan. 31 at the Joe Vincent Management Seminar, you’ll want to make plans to attend the national Big “I” Legislative Conference, May 3-5 in Washington, D.C. No doubt, there is a sea … Continue reading
How Will the Election Results Impact Agent Issues?
By the Big “I Governmental Affairs Staff The outcome of the 2016 election has created a significant shift in power in Washington, D.C., with the prospect of major legislation impacting independent insurance agents in the years to come. For the … Continue reading
2017 Key IIAT Legislative Issues – 85th on the Horizon
With less than three months remaining until the start of session, IIAT has been meeting with key legislators and staff to discuss the independent insurance industry’s legislative agenda. Key legislative issues for next session include: Hail Litigation Reform IIAT supports … Continue reading
Big “I” Responds to USA Today Editorial: Don’t Privatize National Flood Insurance
Recently, USA Today invited the Big“I” to submit the opposing view to an editorial from the paper critical of federal flood insurance, saying it should be privatized. You can read the response published by USA Today and penned by Bob … Continue reading
International Insurance Issues Take Center Stage
In a recent article in Independent Agent magazine, Big “I” Federal Government Affairs Counsel Jennifer Webb reported that before leaving Washington, D.C. ahead of the November elections, members of Congress raised concerns about the potential insurance impacts of international regulatory discussions. … Continue reading
TWIA Agent Bulletin: Flood Insurance Requirement Change
Recently, TWIA and the Texas Department of Insurance (TDI) received important feedback about the flood insurance requirements from policyholders and the agent community. The feedback centered on the interpretation of TDI Rule 28 Texas Administrative Code (TAC) §5.4904, that any … Continue reading
