BEAUMONT - From Greater Beaumont Chamber of Commerce and Greater Port Arthur Chamber of Commerce - The Greater Beaumont Chamber of Commerce and the Greater Port Arthur Chamber of Commerce are hosting a Coastal Windstorm Conference.
Coastal counties are facing an insurance crisis with the number of consumers who are being forced into the Texas windstorm pool and insufficient financial reserves to pay claims in the event of a disaster.
At a Senate interim hearing, the Texas Insurance Commissioner testified that Texas Windstorm Insurance Association is unsustainable and consumers cannot pay their way out of the problem with increased rates.
Citizens and stakeholders are invited to join their elected state representatives, state senators, county judges, mayors and business leaders from Corpus Christi, Galveston, Beaumont, Port Arthur, and 14 other coastal counties, as we seek solutions to the windstorm insurance crisis facing Texas.
Everyone connected with commercial and residential homes sales, construction, insurance, and economic development should attend.
"Understanding the problem is the first step to a solution. Joining and forming partnerships with those affected is the second step. We have got to lend our collective voice to encourage insurance options and affordable rates for our area. We need to create a climate to bring the private insurance market back to the coast where 40% of the state's wealth is created and workers are needed to support industry and shipping," says Jim Rich, President of the Greater Beaumont Chamber of Commerce.
"The increasing cost of windstorm insurance through TWIA and the dwindling number of private insurance companies that will sell windstorm insurance threatens the economic growth of the Gulf Coast. The 14 counties that are covered by TWIA must unite if we are to have any chance of developing a strategy to solve the problem," says Bill McCoy, President of the Greater Port Arthur Chamber of Commerce.
The event is being held on Thursday, October 11 from 9:00am-1:00pm at the MCM Elegante' Hotel & Conference Center.
Cost for attendance is $30 per person. Registration includes admission to forums and discussions as well as lunch. You may register online at bmtcoc.org or contact the Greater Beaumont Chamber of Commerce.
For any further information, contact the Greater Beaumont Chamber of Commerce at 838-6581 or the Greater Port Arthur Chamber of Commerce at 963-1107.
Related Stories
- More Texas News
- National News
- International News
- Houston man shot in head trying to help woman
- Man shot dead at north Houston restaurant
- Memorial for dead Texas cheerleader set for Sunday
- Here is the latest Texas sports news from The Associated Press
- Winning numbers drawn in Powerball jackpot
- Last-minute fortune seekers buy Powerball tickets
- 4 tornadoes counted from Thursday thunderstorm
- Uranium developer to close NM offices
- Funeral-goers describe Texas swindler as loving
- Dallas man shot to death on front porch of home
- Portland revisits issue of public fluoridation
- AP CEO calls records seizure unconstitutional
- Hofstra graduates honor student killed by police
- Charlotte remembers 1963 desegregation 'eat-in'
- Damaged trains set to be removed from wreck site
- 1 winning ticket sold in Fla. on Powerball
- Medical emergency eyed in Va. parade crash
- Hofstra student killed by police during break-in
- Probe into Conn. train crash giving way to cleanup
- 1 of 2 fires north of LA contained
- Zimbabwe PM: We will end police, military abuse
- Pope: church should open up but follow teaching
- Russian TV: American accused of spying flies out
- Cairo airport baggage handlers end strike
- Mice return from a month in space
- Israel disputes French TV claim on boy's death
- North Korea fires projectile into eastern waters a day after launching 3 short-range missiles
- Report: Iran hangs 2 men convicted of spying
- Chinese boat owner says NKoreans detained his crew
- Pakistan holds re-vote in Karachi despite killing
Automotive
Find valuable information about buying your next car, including price quotes and your latest automotive news.
Wedding Central
The greatest Southeast Texas story ever told. Share your wedding and engagement news!
Lost and Found Pets
These are pets that have been lost or found in the KFDM News Channel 6 viewing area.
No Text Zone
Texting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE
Texas Lottery
Texas Lottery
Community Calendar
Check out our Community Calendar!
Baby Talk
Baby Talk with Nicole Murray.
KFDM Channel 6 Top Stories
Business News
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
Consumer News
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
Entertainment News
Get This
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.
Science/Tech News
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
