The problem is enormous: 62 percent of property owners on the Texas coast are currently insured against storm damage by a high risk carrier that experts insist has no money to pay claims caused by a substantial storm.
With 15 days until hurricane season that means the protection people have paid for is simply not there.
Texas lawmakers have spent the entire session looking for a solution. Today Fox 26 has learned that the very last hope of a legislative rescue has met a bitter end.
"Our windstorm bill (SB 1700) we've been working on all session died uncerimoniously on the senate floor," said State Senator Larry Taylor.
The Friendswood republican claims a vote on his compromise measure designed to return the Texas Windstorm Association to financial viability was blocked by Democratic Senators at the sole direction of mega political donor and Houston lawyer Steve Mostyn.
Mostyn is reported to have reaped more than a $100 million in profit litigating Hurricane Ike claims, much of it from Texas Windstorm.
"So he's converted that into campaign contributions and he wields a pretty big stick among my Democratic colleagues here in the Senate," said Taylor.
Fox 26 made multiple attempts to reach Mostyn for comment, but those calls were not returned.
Meantime, with a rescue attempt by lawmakers now dead the state's insurance commissioner could declare Texas Windstorm bankrupt.
"I think it almost becomes her duty to put it in receivership if there's no hope of it becoming successfully capitalized and if there is no legislative solution," said Seth Chandler of the University of Houston Law Center.
Taylor says the crisis is so serious he's asking Governor Rick Perry for a special session during which Senate rules would not allow the Democratic minority to block a vote on a measure that matters so much to so many.
"Frankly, he's pretty fired up about it. I don't think that's going to be a hard sell for the governor," said Taylor.