Some property owners in Texas' coastal areas will see a 5 percent increase on their insurance bills next year.I think homeowner's insurance should be a government responsibility. Think about it. Disaster funds flow from the government after a disaster. FEMA aids people during disasters. Fire and police departments are government run. Zoning and the general idea of urban development are government functions. Home owners' insurance is a powerful zoning tool. Why not increase homeowner accountability and then share the risk?
The Texas Windstorm Insurance Association's board of directors approved the increase Tuesday. The board also delayed a decision on whether to enact an additional increase that would depend on how far a property is from the shore. That decision will be discussed at an Aug. 7 meeting in Galveston.
What we have now is greedy corporate capitalism run amok. Why do you have to separate wind damage from water damage in a hurricane?
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