TWIA Anticipates Higher Reinsurance Spending in 2025 December 17, 2024 By Ezra Amacher The Texas Windstorm Insurance Association expects to spend more on reinsurance in 2025 to account for projected policy count and...
Texas Public Utility Commission Reports on CenterPoint Energy’s Beryl Response November 26, 2024 By Alejandra Martinez, The Texas Tribune and Emily Foxhall, The Texas Tribune When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and...
TWIA Board Reviews 2025 Budget After $455 Million Loss from Hurricane Beryl November 19, 2024 The Texas Windstorm Insurance Association Board of Directors met last week to review information related to the agency’s 2025 budget....
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Beryl-Battered Grenada Becomes 1st Country to Use Government Bond Hurricane Clause August 20, 2024 By Marc Jones Grenada has become the first country in the world to use a so-called hurricane clause in a government bond –...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...
Texas Attorney General Opens Probe Into CenterPoint Over Beryl August 12, 2024 By Tope Alake The Texas attorney general is investigating CenterPoint Energy Inc. citing potential violation of the state’s law in the utility’s response...
Texas Carbon Monoxide Poisonings Spike After Hurricane Beryl August 5, 2024 By Lexi Churchill, The Texas Tribune and ProPublica Texas lawmakers nearly three years ago promised changes to prevent the devastation from a deadly winter storm from happening again....
Coastal Texas Braces for Insurance Rate Increase at Upcoming TWIA Meeting July 31, 2024 By Joshua Fetcher, The Texas Tribune The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will...