The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help the Texas Windstorm Insurance Association calculate participation shares in case assessments are required in 2017.
The data call response should be returned to TDI no later than June 1, 2017.
Companies subject to this data call are required to submit a data call form and certification to TDI even if the company does not write any applicable business in the Texas catastrophe area.
TDI will email this data call only to companies that fall into one of the following categories:
Category 1: Companies reporting 2016 Texas commercial property or business owners statistical data to TDI’s commercial lines statistical agent, Insurance Services Office, Inc. (ISO), under a minimum or limited reporting format that does not include place code- or ZIP code-level detail. This report specifically includes companies reporting under the TDI minimum reporting guidelines for commercial lines statistical reporting.
Category 2: Companies reporting 2016 Texas commercial property or businessowners statistical data to ISO, under a full reporting plan format in which all four quarters of 2016 data have not been fully accepted by ISO as of Feb. 28, 2017. Companies in this category must report premiums for the entire year, not just the quarters of 2016 that ISO has not fully accepted.
Texas Catastrophe Area is the area comprised of the following Texas counties: Aransas, Brazoria, Calhoun, Cameron, Chambers, Galveston, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Refugio, San Patricio, Willacy and the portions of Harris County listed below.
- City of Morgan’s Point
- City of Seabrook – all areas east of Highway 146
- City of La Porte – all areas east of Highway 146
- City of Pasadena – all areas east of Highway 146
- City of Shoreacres – all areas east of Highway 146
Voluntary Commercial Allied Lines Direct Written Premium is the total direct written allied lines premium on commercial monoline or multiple peril policies insuring commercial risks in the Texas catastrophe area, which include coverage for losses due to windstorm damage. Voluntary premium does not include allied lines premium on policies insuring commercial risks in the catastrophe area if the policy contains a windstorm exclusion.
Voluntary Business Owners Direct Written Premium is the total direct written premium on policies insuring commercial risks in the Texas catastrophe area, which include coverage for losses due to windstorm damage.Voluntary premium does not include direct written premium on policies insuring commercial risks in the catastrophe area if the policy contains a windstorm exclusion.
The response to the data call should be submitted to datacall@tdi.texas.gov and include as an attachment the PDF form provided through this link, or attached to the email sent by TDI. TDI may request additional information relating to the responses you provide.
Source: TDI
Topics Catastrophe Carriers Texas Data Driven Property
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