[State Rep. John Smithee's, R-Amarillo] letter, sent Monday, said models provided by the association estimate that a Category 4 hurricane could cause damages in excess of $14.3 billion in Corpus Christi, $14.2 billion in Galveston and $3.3 billion in Brownsville.If a republican from Amarillo is bringing this up, watch out for your wallet. Some crony is going to benefit.
The letter asked [Texas Department of Insurance Commissioner Eleanor] Kitzman to confirm that the association would come up about $10.7 billion short if a storm of that magnitude should strike and what the commission is planning to do about it.
Kitzman confirmed the cash shortfall, based on the damage estimate.
21 Haziran 2012 Perşembe
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