Texas Windstorm Insurance Association (TWIA) News

TWIA Board to Meet April 18 to Discuss Action on 2023 Reinsurance

The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker, Gallagher Re, will present information to the Board on …

TWIA to Pursue $2.9B in Reinsurance for 2023 Storm Season

The Texas Windstorm Insurance Associated (TWIA) board of directors voted Thursday to authorize broker Gallagher Re to pursue $2.92 billion in reinsurance for the 2023 storm season. The TWIA board also voted to establish $4.5 billion as the 1:100 probable …

TWIA to Determine Probable Maximum Loss for 2023 Storm Funding

The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough reinsurance to meet the 1:100 year PML. Last …

Texas Lawmakers to Consider TWIA Funding, ESG This Legislative Session

Texas lawmakers returned to Austin this week for the start of the 88th Legislature, which portends to be a relatively quiet legislative session for hearing property and casualty concerns. “I think insurance is probably not a top priority,” said Albert …

TWIA Names David Durden as General Manager

The Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the association’s next General Manager after an extensive months-long search process, effective October 1, 2022. TWIA Board chair Chandra Franklin Womack …

TWIA Committee to Consider General Manager Candidates at Upcoming Meeting

The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …

TDI Orders Emergency Rule Protecting Weston Policyholders During Hurricane Season

The Texas Department of Insurance (TDI) announced an emergency rule this week removing barriers for Weston Property & Casualty Insurance Company policyholders to receive wind and hail coverage through the Texas Windstorm Insurance Association (TWIA). Weston’s Texas policies will be …

Weston’s Texas, Louisiana Policies to be Canceled September 7

Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled on September 7 after the Florida-based insurer was ordered to end operations in early August after going insolvent. The Texas Department of Insurance (TDI) said Weston …

TWIA Shares Timeline For Annual Rate Filing Consideration

The Texas Windstorm Insurance Association announced this week the timeline for its annual rate filing consideration. By law, TWIA must make a rate filing with the Texas Department of Insurance by August 15 each year. TWIA’s Actuarial & Underwriting Committee …

People Moves: Specialty Comp Insurance Solutions Promotes Math to President; Polak Retiring as TWIA GM

Specialty Comp Insurance Solutions Promotes Steve Math to President & CEO Specialty Comp Insurance Solutions (SCIS), a division of Specialty Program Group, LLC (SPG), promoted Steve Math, FCAS, to president and chief executive officer of SCIS, reporting to Chris Treanor, …