texas windstorm insurance association News

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 …

Texas Lawmaker Urges Extension of Wind Insurance Inspection Waiver

A Texas lawmaker says thousands of coastal residents could lose their windstorm insurance coverage if the Legislature doesn’t extend a program that provides waivers for those who have been nonrenewed for coverage by a private insurer. Republican state Sen. Larry …

Bills Aimed at Property Claims Litigation Expected in Texas Legislative Session

Texas lawmakers are expected to file legislation this year aimed at stemming the tide of property claims litigation in the wake of catastrophic weather events, such as hailstorms. Proponents of such legislation would like to see a measure that limits the time …

Wind Insurer Settles Lawsuit with South Texas School District

The Texas Windstorm Insurance Association has agreed to pay nearly $8 million to settle an unpaid claims lawsuit filed by a southern school district, according to state district court records in Cameron County. The Brownsville Independent School District filed the …

Texas Windstorm Insurer to Offer $500M of Unrated Debt: Muni Deals

Texas Windstorm Insurance Association this week is offering $500 million in unrated municipal debt as the Austin-based group girds for the hurricane season through November. The association, created by the Texas legislature in 1971 to be the windstorm and hail …

Texas Windstorm Insurer’s Financial Outlook Improved as Hurricane Season Starts

Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in years. …

Texas Windstorm Insurer Opens 24-Hour Claims Call Center

The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail along the Texas coast, reported it has established a Claims Call Center that is open 24 hours, seven days a week. TWIA is encouraging its agents …

Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …