The Senate Business and Commerce Committee has convened a hearing this morning on SB 18, the bill by Senator John Carona that would transition residential TWIA policyholders to an assigned risk program known as the Texas Property Insurance Program. We’ve discussed that bill here and here. I’ll be testifying on the bill and trying to report on proceedings during some additional blog entries today or tomorrow.
The Committee has posted some exhibits to today’s hearing that you can find here.
Update: The Committee spent the morning focusing on a mitigation bill that appeared to have broad support EXCEPT for a provision that would have required registration of roofers. The bad news, however, is that the discussion of SB 18 has been deferred until after the Senate meets in session. It is not clear when that session will end. They are going strong at 12:30 pm.