Former Corpus Christi Rep. Gene Seaman Appointed To TWIA board

| July 8, 2012 | 0 Comments

Some criticize the insurance agent appointment because it is supposed to represent consumers

Former State Rep. Gene Seaman has been named to the Texas Windstorm Insurance Association Board but his appointment is already drawing some criticism – even from the editorial page editor at Seaman’s hometown newspaper. 

Others say that Seaman, an insurance agent, was named to a slot reserved for a consumer, and while Seaman may indeed be a consumer, the fact that he is an insurance agent brings into question his ability to serve consumer interests.

However,  the appointment of Seaman, who is a licensed  property and casualty agent, also fulfills a state law that requires at least one of the four coastal members of the nine member board be a licensed insurance agent.

Seaman, a former five term state legislator from Corpus Christi and longtime insurance agent was on the House Insurance Committee during his tenure and is considered an expert on the industry.

He was appointed to the board by Insurance Commissioner Eleanor Kitzman who has come under criticism from almost every current Coastal Bend legislator because of statements she recently made about the state’s ability to pay policyholders in case of a Category 4 hurricane.

The Texas Windstorm Insurance Association board is made up of four members from coastal counties and four members from the insurance industry. The TWIA board has the power to raise or lower rates and must submit a yearly report to the Insurance Commissioner and the Legislative Oversight Board for windstorm insurance, the governor and lieutenant governor and the speaker of the House.  Area State Reps. Todd Hunter, R-Corpus Christi, and Ryan Guillen, D-Rio Grande City, are both members of the Oversight board.

Category: Blog, Uncategorized

SDG

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