Texas’ insurer of last resort for wind and hail in coastal counties will remain under the administrative control of state regulators and it will file for a 5 percent rate increase in August to become effective Jan. 1, 2012. At …
The Texas Department of Insurance is currently developing a process for obtaining an Alternative Certification for obtaining windstorm insurance in coastal areas. Under the Alternative Eligibility Program, residential property owners may continue to obtain windstorm insurance for their structure through …
The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012. In a bulletin to insurance agents, TWIA said under the new system it will assume the responsibility for paying agents’ commission. …
Owners of more than 400 homes and businesses in South Texas will be notified that their windstorm insurance reviews were done by a bogus inspector. The Texas Windstorm Insurance Association says coverage for the Corpus Christi properties is valid unless …
Texas agents who sell policies for the Texas wind insurance pool need to provide banking data to the association in order to begin receiving monthly direct deposit commissions. The Texas Windstorm Insurance Association has sent a second notice to agents …
The Texas Department of Insurance has informed the director of the state’s property insurance company of last resort for wind in the state’s coastal counties that it is placing the organization under TDI’s administrative oversight. In a Feb. 28, 2011, …
The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, says one Texas lawmaker who’s working on legislation aimed at curbing such …
