HomeMy WebLinkAbout032232 RES - 09/29/2020 Resolution Opposing Texas Windstorm Insurance Association Rate Increase
WHEREAS, the City of Corpus Christi strives to encourage economic development and improve
the quality of life for residents and businesses in the City;
WHEREAS, Hurricane Harvey made landfall as a Category 4 hurricane on the Texas coast on
Friday, August 25, 2017, and battered and drenched Texas for days before finally moving out of
the state. Hurricane Harvey was the first major hurricane to make landfall along the Middle Texas
Coast since Hurricane Celia in 1970;
WHEREAS, Governor Greg Abbott first issued a disaster declaration on Aug. 23, 2017, for
Aransas, Austin, Bee, Brazoria, Calhoun, Chambers, Colorado, DeWitt, Fayette, Fort Bend,
Galveston, Goliad, Gonzales, Harris, Jackson, Jefferson, Jim Wells, Karnes, Kleberg, Lavaca,
Liberty, Live Oak, Matagorda, Nueces, Refugio, San Patricio, Victoria, Waller, Wharton, and
Wilson counties;
WHEREAS, more than three years after the storm, many of the Hurricane Harvey disaster
declared communities are struggling to rebuild;
WHEREAS, Hurricane Hanna made landfall on the south Texas Coast on Saturday July 25,
2020;
WHEREAS, the City of Corpus Christi faces an economic crisis driven by the COVID-19
pandemic along with the downturn of the oil and gas industry. Our small businesses have been
greatly impacted by the recession and we have seen a loss of jobs in our communities;
WHEREAS, the 86th Texas Legislature did act by passing HB1900, which creates a Legislative
Funding Oversight Committee to study TWIA's rate adequacy;
WHEREAS,the Legislative Oversight Committee must be appointed and given time to act before
TWIA activates a new rate increase;
WHEREAS, the TWIA Board of Directors voted for no rate increase at its August 2020 meeting;
and
WHEREAS, there are sufficient premiums, assessments, and reinsurance to cover potential
TWIA liabilities for 2021;
NOW THEREFORE BE IT RESOLVED, THAT THE CITY OF CORPUS CHRISTI continues its
opposition to proposed increases in windstorm insurance rates and encourages the TWIA Board
of Directors to recognize that a TWIA rate increase on top of the economic recession caused by
the COVID-19 pandemic would be devastating to our regional economy and the entire Texas
Coast. Vote NO RATE HIKE for 2021.
032232
CANNED
PASSED AND APPROVED on the �� day of 5vzhn�^ 020:
Joe McComb
Roland Barrera
Rudy Garza
Paulette M. Guajardo
Gil Hernandez
Michael Hunter
Ben Molina A�o
Everett Roy lI
Greg Smith
ATTEST: CITY OF CORPUS CHRISTI
Re��� L,1 & l✓C�,�
Rebecca Huerta Joe c omb
City Secretary May r
032232