The Texas Windstorm Insurance Association (TWIA) Board’s Legislative & External Affairs Committee will meet on April 27 at 10:00 a.m. CT. At this meeting, the Committee will begin planning the Association’s Biennial Report to the Texas Legislature. The agenda for …
The Texas Windstorm Insurance Association Board of Directors will hold an interim meeting on March 22 at 1:30 p.m. CT to determine TWIA‘s catastrophe funding and reinsurance needs for the 2022 hurricane season. The Board will review catastrophe model results …
The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the Board’s statutorily required determination of the Association’s 1-in-100-year probable maximum loss (PML) for the 2022 hurricane season and reinsurance purchase …
Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …
The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …
The Texas Windstorm Insurance Association expects policies in-force to increase by 5.2% in 2022, according to preliminary budget information shared at a Board of Directors meeting Oct. 25. Policies will increase from a projected 194,054 at December 31, 2021 to …
The Texas Department of Insurance (TDI) approved the Texas Windstorm Insurance Association’s (TWIA’s) petition to increase its maximum liability limits on manufactured homes, but regulators said the insurer of last resort for wind and hail for properties along the Texas …
The property insurer of last resort for wind and hail in counties along the Texas coast will file for a 5% rate hike for both residential and commercial properties in its required annual filing with the Texas Department of Insurance. …
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association (TWIA) has recommended that the association’s board vote at its Aug. 3 meeting to file for a 5% rate increase for residential and commercial policies. TWIA is the property …
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 …
