Difficulties in finding a way to fund the state’s Texas Windstorm Insurance Association and a number of lawsuits has caused Texas Lt. Gov. David Dewhurst to ask a legislative committee to study what shutting the state agency down would look like.
Dewhurst told the Senate’s Committee on Business and Commerce that the state should no longer be in the insurance business.
“We always talk about we shouldn’t be competing with the private sector," Dewhurst said. "We’re competing with the private sector; we’re operating a $77 billion insurance company and that scares me.”