We wrote recently about how a top clams manager with the quasi-governmental Texas Windstorm Insurance Association received a six-figure severance package and a 2010 Ford pickup truck. Though the inclusion of a truck might raise eyebrows in some quarters, perhaps it shouldn’t be surprising at an agency whose chief makes more than $300,000.And then there is the KHOU investigative story about State Representative Larry Taylor raking in hundreds of thousands of dollars for his insurance company as he provides little if any oversight of the insurance industry:
HOUSTON -- In four years, the co-chairman of oversight of a state insurance agency made more than $300,000 off the company he is supposed to oversee on behalf of consumers in Texas.
State Rep. Larry Taylor (R-Friendswood), a veteran member of the House Insurance Committee and the co-chair of a subcommittee that oversees Texas Windstorm, is also an insurance salesman who receives commissions for selling insurance policies from the company. Windstorm is the state’s insurer of last resort.
Welcome to Texas. Now pay your insurance bill and shut up.
