Coastal Resident Georgia Neblett To Head TWIA Board

| March 16, 2014 | 0 Comments

Georgia Neblett, a longtime coastal resident from Port Aransas, has been named as chair of the Texas Windstorm Insurance Association board.

Neblett, who has served on the TWIA board since 2006, replaces Mike Gerik, the Executive Vice President with the Texas Farm Bureau in Waco, who will serve as the secretary-treasurer for the board.Georgia Neblett

Coastal residents were excited about one of their own being named to head the board which oversees the association which is an insurer of last resort for more than 267,000 residential and commercial property owners in 14 coastal counties and a small portion of Harris County.

About 90 percent of the properties insured by the group are residential properties.

Lawmakers in Texas created the windstorm association in 1971 to help provide windstorm and hail coverage for those who can’t get it from the voluntary market. In recent years, the association has faced increasing criticism over its actions and has been in turmoil and under attack from both liberal and conservative Texans.

Many think Neblett, who is a former mayor of Port Aransas and works as director of external affairs for the University of Texas Marine Science Institute, can help bring needed focus to the 10-member board and to the reforms that need to take place at TWIA.

State Rep. Todd Hunter, a Corpus Christi legislator considered one of the top experts on TWIA and windstorm insurance in Texas, said Neblett was an excellent choice for chair and that her knowledge of the issue and the fact that she is a consumer representative on the board would help ensure that all sides are heard on TWIA issues.

Previously Neblett has served as vice chairwoman and secretary-treasurer on the TWIA board.

Board member Michael O’Malley said Neblett’s chair role would help balance the board, noting that the executive members now include a coastal resident, a non-coastal resident and a member of the insurance industry.

 “I think insurance is vital to the economy and the consumers on the coast, and finding compromises that will work and keep insurance portable and available” within the windstorm association’s role as insurer of last resort,” Neblett told the Corpus Christi Caller-Times.

Last year, Neblett co-authored a letter that sought to have assessments, or charges, against insurers considered on a summer agenda. It was partially in response to requests by Coastal leaders who want the windstorm board to approve about $400 million in assessments that the board hadn’t taken from insurers after the 2008 Hurricane Ike.

Tags: , , , , ,

Category: Blog, State Rep. Todd Hunter, Texas Windstorm, Texas Windstorm Insurance Association, Uncategorized

SDG

About the Author ()

Leave a Reply

You must be logged in to post a comment.