The Texas Municipal League Intergovernmental Risk Pool (TML) will not renew insurance coverage for the Corpus Christi Housing Authority (CCHA), citing concerns about the agency’s controversial public-private partnerships that could remove $350 million worth of luxury apartments from local tax rolls.
In a June 3 letter, TML notified the CCHA it would no longer provide insurance after October 1, 2025, pointing to “blended ownership structures” with private developers that create “significant complexities into the risk landscape—particularly where private dollars are involved.”
The insurance provider specifically cited concerns that the arrangements require “extensive indemnification agreements and elevated liability limits that go beyond the protections typically afforded to governmental entities under Texas tort laws.” TML stated that insuring such arrangements “places a disproportionate burden on the collective Membership.”…