Texas Windstorm Insurance Association (TWIA) News

Texas Windstorm Insurer Plans for $4B in Funding for Hurricane Season

Texas’ wind and hail insurer of last resort for properties in the state’s coastal counties has determined it needs $4.03 billion in funding to prepare for this year’s hurricane season. The board of directors of the Texas Windstorm Insurance Association …

Agent Standards Among Texas Windstorm Insurer’s Legislative Proposals

In its recently published report to the legislature, the windstorm insurer of last resort for properties along the Texas coast has proposed several operational changes, including one that would allow it to develop requirements and standards for agents. The Texas …

Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates

A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for public review. The report finds that if …

Texas Windstorm Insurer to File for 5% Residential, Commercial Rate Hike

The board of directors of Texas’ insurer of last resort for wind and hail for properties along the Texas coast has directed its staff to file a rate increase of 5% for both residential and commercial policies with the Texas …

TWIA Study Showing Rates Inadequate by 26% and 44% Sent to Board

A study showing rates for Texas’ insurer of last resort for communities along the Texas coast are inadequate by 26% for residential policies and 44% for commercial properties has been forwarded to the board of the Texas Windstorm Insurance Association …

Texas Seeks Comments on Windstorm Insurer Rules, Classification for Oil, Gas

The Texas Department of Insurance (TDI) seeks comments on an informal draft to improve the structure of Texas Windstorm Insurance Association (TWIA) rules. These updates do not include revisions to the rule text. Visit the TDI website to view the …

Texas Windstorm Insurer Seeks More Data on Rate Adequacy, Hurricane Modeling

The Texas Windstorm Insurance Association’s actuarial and underwriting committee is seeking more data from TWIA staff and an actuarial consulting firm on rate adequacy and catastrophe modeling for potential hurricane losses. In a meeting on Sept. 22, the committee directed …

Texas Windstorm Insurance Company: No Rate Change for Now

The board of directors of Texas’ property insurer last resort for wind and hail in the state’s coastal counties has voted to file a 0% rate change with the Texas Department of Insurance. The Texas Windstorm Insurance Association is required …

Committee Recommends No Rate Hike for Texas Windstorm Insurer

The Actuarial and Underwriting Committee of Texas’ insurer of last resort for wind and hail coverage for properties in the state’s coastal counties voted on July 21 to recommend a 0% rate increase to its board of directors. The Texas …

Texas Windstorm Insurer Outlines Funding for 2020 Hurricane Season

The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the Texas Windstorm …