Texas Windstorm Insurance Association (TWIA) News

Texas Windstorm Insurer: Finances Sound at Start of Hurricane Season

The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season by once again securing $4.9 billion in total funding. In a media release, TWIA said its 2017 season funding includes a contribution …

Texas Seeks Property Insurers’ Catastrophe Area Premium Data

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 …

Applicants Sought for Boards of Texas FAIR Plan, Windstorm Association

The Texas Department of Insurance is looking for people to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private …

TWIA: Agents Approve 18K Policies for Transfer to Depopulation Program

The Texas Windstorm Insurance Association (TWIA) announced the passage of an important milestone in its Assumption Reinsurance Depopulation Program (Assumption program): agents have approved 18,000 policies for possible transfer from TWIA to participating private market insurers. The agent review period …

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 …