The Texas Windstorm Insurance Association committee voted 3 to 1 in favor of recommending rate changes for 2024 policies. Residential policies may see a 5% increase, while commercial policies could face an 8% increase. Public comments were made by officials who expressed their opposition to the tax hikes, citing concerns for citizens in their communities. The association’s board of directors will meet on Aug. 8th to hear public input and stakeholder feedback before filing with the Texas Department of Insurance by Aug. 15th.