Texas Windstorm Insurance Association (TWIA) News

Texas Windstorm Insurer Says Finances Are Shaping Up

Texas Windstorm Insurance Association (TWIA) announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since Hurricane Ike in 2008. The funds come from …

Dewhurst to Lawmakers: How About Shutting Down Texas Windstorm Insurer?

Texas Lt. Gov. David Dewhurst has asked state lawmakers to consider shutting down a windstorm insurance provider for coastal Texans. Dewhurst asked a state Senate committee to look at phasing out the Texas Windstorm Insurance Association. Dewhurst said if Texas …

New Texas Windstorm Rules Establish Method for Issuing Bonds

New rules posted by Texas insurance regulators on May 23 implement a process by which bonds may be issued on behalf of the state’s wind insurer of last resort for properties along the Texas coast. The Texas Department of Insurance …

Texas Issues Special Data Call for Commercial Property Insurance Coverage

The Texas Department of Insurance is issuing a special catastrophe areas data call to property/casualty insurers who write direct commercial property and businessowners insurance in Texas. Information collected under this data call is for 2013. The Texas Windstorm Insurance Association …

Haigood Appointed to Texas Windstorm Insurance Association Board

Texas Commissioner of Insurance Julia Rathgeber appointed Lyndell Haigood to serve on the board of directors of the Texas Windstorm Insurance Association (TWIA) for a term to expire in March 2015. The board oversees all TWIA operations and carries out …

Study Looks at Options to Depopulate Texas Coastal Wind Insurer

Loss exposure for Texas’ wind and hail insurer of last resort along the coast increased by around 319 percent between 2005 and 2012 – from $23.26 billion to $74.17 billion, and its policy count grew by approximately 243 percent – …

Texas Windstorm Insurer Releases Questionable Emails to Attorney

The Texas Windstorm Insurance Association (TWIA) announced it has released to a litigator what it calls “potentially offensive” emails as part of discovery in a lawsuit against the insurer brought on behalf of the Brownsville Independent School District. The lawsuit …

TWIA Expert Panel Working on Methods to Assess Wind/Water Property Loss

A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas coast expects to have the first of four study components ready for consideration next month. The mission of the Texas …

Texas Windstorm Insurance Association Disavows Racism Allegations

Texas’ insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. Responding to claims by a Houston-based trial lawyer that employees of the Texas Windstorm Insurance Association often used racist …

Commissioner Denies TWIA’s Request to Raise Liability Limits

The primary windstorm insurer for Texas coastal properties won’t be raising limits of liability next year for property it covers. Insurance Commissioner Julia Rathgeber has denied a request by the Texas Windstorm Insurance Association to raise the limits on both …