Laserfiche WebLink
it~EST FOR CITY COUNCIL AGENDA Il~ <br />Agenda Date Requested: March 20. 1995 <br />Requested By: Charles Harrington Department: Planning <br />X Report X Resolution Ordinance <br />Exhibits: <br />1. Resolution <br />2. Report <br />3. Letters of Support <br />SUMMARY & RECOMMENDATION <br />Background <br />Following a request by the City of Seabrook, the Texas Department of Insurance held a <br />public hearing to determine if bay area citizens were finding difficulty obtaining windstorm <br />coverage for insurance policies. During that hearing, the City of La Porte testified that <br />some citizens were indeed finding difficulty obtaining insurance. <br />Subsequently, the TDI has asked La Porte ff they wish to be included in the Texas <br />Catastrophe Property Insurance Association's Catpool. <br />The 2/13/95 letter from Texas Department of Insurance referenced a potential impact on <br />residents currently insured in the voluntary market. Mr. Herrera and Mr. Harrington met <br />with three local insurance agents to review the situation and determine the best course <br />of action. The agents agreed that inclusion in Catpool would be beneficial to La Porte <br />now and in the future. <br />Insurance agent, Ken Strum, has been invited to Monday night's meeting to address the <br />Council <br />Recommendation <br />As the lack of insurance can affect the future development of La Porte, especially east of <br />SH 146, and many citizens are now finding it difficult to obtain windstorm coverage, staff <br />recommends La Porte's request be included in the Catpool program. <br />Action Required by Council: <br />Adopt a resolution requesting the City of La Porte be included in a petition by the City of <br />Seabrook to the Texas Department of Insurance for inclusion in the TCPIA Catpool <br />Insurance Program.. <br />Availability of Funds: A <br />_ General Fund _ Water/Wastewater <br />_ Capital Improvement _ General Revenue Sharing <br />_ Other <br />Account Number: Funds Available: YES NO <br />Approved for City Council Agenda <br />~ ~ ~ ~~ <br />