Monday | October 14, 2002
Insurance crisis in TX may be Dems gain
It's not Molly Ivins best effort, a bit convoluted and difficult to read. But, the gist is critical to understanding what's become THE issue in the Texas gubernatorial campaign:
AUSTIN, Texas -- Have you lost your homeowner's insurance lately? Seven hundred thousand of us here in Texas have, after Farmers Insurance decided to pull out of the Texas market -- despite the fact that we pay the highest insurance rates in the nation, an annual average of $680 more than homeowners in other states.Perry is definitely on the defensive. Not only are homeowner insurance rates in Texas skyrocketing, but many former Farmers Insurance customers won't be able to get new insurance. It seems insurance companies won't take your business if you've made a claim in the past three years. According to Farmer's numbers, that's just shy of 200,000 of its customers. And, as Ivins notes, if you don't have homeowner's insurance, the mortgage companies can seize your home.
And the people behind this scam are all in bed with Gov. Rick Perry. Perry, of course, is full of ideas for reforming the system", but as in the corporate governance issue in DC, the GOP talk a good game when the cameras are on, and then go back to business as usual when the press and public move on the next BIG issue.
In their recent debate, Sanchez pointed out Perry received more than $1 million in campaign contributions, and hammered Perry repeatedly for refusing to call a special session of the legislature to resolve the crisis:
Sanchez, who owns a bank that brokers insurance policies, repeatedly criticized Perry for not calling a special session before now to close loopholes in state law. Several times he said Perry was doing the bidding of the insurance companies that contribute to his campaign.If Dem challenger Tony Sanchez can't ride this fiasco to victory, he doesn't deserve to be governor. Posted October 14, 2002 09:35 AM | Comments (1)