texas windstorm insurance association News

Climate Change And Gisele, The Law of the Land

When the opening ceremony of the Olympics in Rio highlighted climate change, it wasn’t hard to imagine the buzz – positive and negative – that would be generated. The show included references to rising sea levels, and an animated GIF showing Earth’s …

Texas Windstorm Insurer: Submit Depopulation Documentation by August 25

Texas Windstorm Insurance Association member companies that want to participate in the Assumption Reinsurance Depopulation Program may now submit required documentation to both TWIA and the Texas Department of Insurance (TDI), the organization announced. The deadline for submissions is Aug. …

TWIA Files for Changes to Dwelling and Commercial Policies

The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to the list of items in the “Property Not Covered” …

Hurricanes not the Only Storms to Hit Texas Coast

The Texas Windstorm Insurance Association (TWIA), the state created insurer of last resort for 14 coastal counties and parts of Harris County, reports that nearly 14,000 claims were filed after violent spring thunderstorms brought hail, wind and flood damage across the state. …

Proposal for Higher Texas Windstorm Policy Liability Limits Denied

Texas Insurance Commissioner David Mattax has denied a request by the Texas Windstorm Insurance Association (TWIA) to increase limits of liability for residential and commercial properties it insures along the Texas coast. TWIA is the insurer of last resort for …

Texas Windstorm Insurance Assoc. Seeks Hike in Liability Limits

The Texas Department of Insurance will hold a public hearing on a request by the Texas Windstorm Insurance Association to increase maximum policy liability limits. The hearing under Docket No. 2780 will be held at 10:30 a.m., on Thursday, Oct. …

Texas Seeking Applications for Windstorm Insurance Assoc. Board

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. Under Senate Bill 900, the board will include: Three board members …

Texas’ Residual Property Insurance Markets Hit with Severe Weather Claims

The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) began responding to policyholders impacted by the severe weather that affected a number of Texas communities last week and over the weekend. As of April 20, TWIA and …

TWIA to Begin Agency Documentation Verification Survey on May 1

The Texas Windstorm Insurance Association alerted agents that as of May 1, 2015, TWIA would begin implementing an agency compliance program in order to verify agent documentation of private insurer coverage declinations and proof of flood insurance coverage on TWIA …

TWIA Transfers $262M Into Catastrophe Reserve Trust Fund

The Texas Windstorm Insurance Association has transferred $262.7 million into its Catastrophe Reserve Trust Fund as a result of its 2014 operations. The transfer brings the CRTF total to its largest balance at roughly $480 million. As part of overall …