Texas Windstorm Insurance Association (TWIA) News

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 …

Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation

The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …

Texas Windstorm Expert Panel to Discuss Work at Public Meeting

The Texas Windstorm Insurance expert panel will hold a public meeting on Jan. 28 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 Wind Insurer Launches Depopulation Portal

The Texas Windstorm Insurance Association (TWIA) has initiated a process whereby interested insurance companies may access information on TWIA insured properties in an effort to move policies to private insurers. The association writes wind and hail insurance on properties in …

Texas Windstorm Insurance Association Expert Panel to Meet

The Texas Department of Insurance announced that the Texas Windstorm Insurance Association expert panel will hold a public meeting on Nov. 12 to discuss the progress of the panel’s work thus far. Attendees will have the opportunity to comment. The …

Texas to Hold Hearing on Windstorm Association Maximum Limits

The Texas Department of Insurance has scheduled a public hearing to consider the Texas Windstorm Insurance Association’s (TWIA) petition related to the maximum limits of liability for windstorm and hail insurance policies covering the following: residential dwellings and individually owned …

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 …