Texas Windstorm Insurance Association (TWIA) News

Texas Windstorm Insurer Activates CAT Plan

With a tropical disturbance in the Gulf of Mexico and Tropical Depression Isaac located east of Mexico’s Yucatan Peninsula and heading west, the Texas Windstorm Insurance Association (TWIA) has activated its CAT Plan, which allows it to start readying the …

TWIA Board OKs Additional $106.8M Insurer Assessment for Harvey Losses

The Texas Windstorm Insurance Association (TWIA) board has unanimously approved an additional Class 1 member assessment of $106.8 million for Hurricane Harvey losses, the Insurance Council of Texas (ICT) reported. The newly approved assessment follows the $175 million assessment OK’d …

Texas Windstorm Policy Assumption Program to Begin Soon

The Texas Windstorm Insurance Association will soon begin its annual program designed to move policies out of the residual market for wind and hail along the Texas coast. This will be the third round for the Assumption Reinsurance Depopulation Program …

Deadlines for Texas Windstorm Insurer Appraisal Demands Extended

The deadlines for a Texas Windstorm Insurance Association (TWIA) claimant to demand appraisal of a claim for damages caused by Hurricane Harvey have been extended, the Texas Department of Insurance reports. An extension of 30 days has been granted for …

TWIA Policy Center for Commercial and Manufactured Home Policies Now Available

The Texas Windstorm Insurance Association (TWIA) announced that its Policy Center for commercial and manufactured home policies is live and available for agents to use. TWIA said agents must now use Policy Center for all new policy submissions, regardless of …

Deadline Extended for Texas Windstorm Insurance Association Post-Harvey Claim Disputes

As of Oct. 4, the Texas Windstorm Insurance Association (TWIA) had received 68,861 claims related to Hurricane Harvey. TWIA is the insurer of last resort for wind and hail along the Texas coast. Affected policyholders, should have received or will …

Some Insurance Adjusters Camping Out in Texas after Harvey

To process tens of thousands of auto and property claims with losses already well into the billions of dollars, insurance companies have adjusters camping out across Texas. The Houston Chronicle reports in one case, the adjusters — many of whom …

Texas Windstorm Insurer: Finances Sound at Start of Hurricane Season

The Texas Windstorm Insurance Association (TWIA) says it is financially sound and ready for the 2017 hurricane season by once again securing $4.9 billion in total funding. In a media release, TWIA said its 2017 season funding includes a contribution …

Texas Seeks Property Insurers’ Catastrophe Area Premium Data

The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help the Texas Windstorm Insurance Association calculate participation …

Applicants Sought for Boards of Texas FAIR Plan, Windstorm Association

The Texas Department of Insurance is looking for people to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private …