Texas Windstorm Insurance Association (TWIA) News

Texas Coast Wind Insurer: Position for Hurricane Season Is ‘Strongest-Ever’

With its reinsurance program now in place, the Texas Windstorm Insurance Association (TWIA) says it is in its strongest-ever position for this year’s hurricane season with $4.9 billion in total funding available to pay claims. TWIA is the insurance carrier …

Texas’ Coastal Wind Insurer Expects $4.9B in Funds for 2016 Hurricane Season

While its reinsurance plans for the 2016 hurricane season haven’t yet been nailed down, Texas’ insurance company of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in available funds for paying claims …

Texas Windstorm Insurance Assoc. Expert Panel to Meet April 14

The Texas Windstorm Insurance Association expert panel will hold a public meeting this week to inform the public about the progress of the panel’s work, to allow the public to observe the panel discussing its work, and to give the …

Texas Seeks Comments on Windstorm Inspection Rule

The Texas Department of Insurance is seeking comments on an informal working draft of amendments that would update the rule relating to items not requiring inspection for the purposes of windstorm and hail insurance coverage through the Texas Windstorm Insurance …

Texas Seeking Professionals for Windstorm Model Peer Review

The Texas Department of Insurance (TDI) is seeking professionals to conduct a peer review of a model developed to determine causes of insured losses on the coast. The model was developed by an expert panel appointed to advise the Texas …

King Appointed to Texas Windstorm Insurance Board

Texas Commissioner of Insurance David Mattax has appointed Deborah King to the board of directors of the Texas Windstorm Insurance Association (TWIA). King of Highland Village is vice president and chief actuary at Republic Underwriters Insurance Co. She has 25 …

Deadline for Applying to Texas Windstorm Insurance Board Nears

The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. The deadline for applications is August 15. Under Senate Bill 900, …

Texas Seeks Comment on Rules for Changes to Windstorm Insurer

The Texas Department of Insurance is seeking public comment on drafts of rules for implementing legislation that alters funding mechanisms for the state’s property insurer of last resort for wind and hail along the Texas coast. TDI has posted on …

Windstorm Insurance Bill Stirs Lively Debate in Texas House

Differences of opinion on the never-ending problem of what to do about property insurance along the coast had lawmakers from coastal areas pitted against inland representatives in the waning days of the Texas legislative session. Sides were drawn in a …

Texas Windstorm Insurer: Private Carrier Interested in 60K Policies

The Texas Windstorm Insurance Association (TWIA) announced that a carrier participating in its depopulation program has signaled an interest in around 60,000 policies that currently are on TWIA’s books. TWIA is the property insurer of last resort for wind and hail along the …