texas windstorm insurance association News

Texas Denies Windstorm Insurer’s Rate Hike Request

Texas regulators have denied a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast. The Texas Department of Insurance (TDI) has rejected the Texas Windstorm Insurance …

Texas Windstorm Rate Filing Consideration Process Now Underway

July 17 was the last day the Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee accepted comments on its annual rate filing process, which officially begins on July 21 when the committee meets to to review the annual Rate …

Texas Windstorm Insurer Files Replacement Cost Policy Form Revisions

The Texas Windstorm Insurance Association has filed the following revised endorsements with the Texas Department of Insurance for approval: Revised Endorsement No. 164 – Replacement Cost Coverage – Coverage A (Building) and Coverage B (Business Personal Property). Revised Endorsement No. …

Texas DOI Takes Over More Windstorm Compliance Certifications on June 1

The Texas Department of Insurance will soon be taking on additional responsibility for issuing Certificates of Compliance for coverage from the state’s insurer of last resort for wind and hail for properties in areas along the Gulf Coast. Effective June …

4 State Senators Named to Funding Oversight Board of Texas Windstorm Insurer

Texas state Sen. Kelly Hancock (Richland Hills), Sen. Juan “Chuy” Hinojosa (McAllen), Charles Schwertner (Georgetown) and Larry Taylor, (Friendswood) have been appointed to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board by Texas Lt. Gov. Dan Patrick. The …

New Policy Contracts Now in Effect at Texas Windstorm Insurer

Texas’ insurer of last resort for wind and hail along the coast says new terms and conditions for policies with an effective date on or after January 1, 2020, are now in place. The updated coverages, terms, and conditions apply …

Operational Changes Coming for 2020 for Texas Windstorm Insurance Association

The Texas Windstorm Insurance Association has posted on its website a summary of operational and policy changes that go into effect in 2020 as a result of new laws passed in 2019 by the state’s Legislature. Following are changes set …

Texas Windstorm Insurer to Assess Members $90M for Harvey, Defer Action on Rates

The Texas Windstorm Insurance Association board of directors voted today to assess member insurance companies $90 million based on losses from Hurricane Harvey and voted to defer further consideration of action regarding TWIA insurance rates on residential and commercial policies …

Texas Windstorm Insurer Seeks Input for Actuarial & Underwriting Committee

Texas insurer of last resort for properties along the state’s coast is seeking input from the public in advance of a meeting of its Actuarial & Underwriting Committee. The Texas Windstorm Insurance Association’s (TWIA’s) Actuarial & Underwriting Committee will meet …

Comments Sought on Proposed Claim Rules for Texas Windstorm Insurer

Texas insurance regulators are seeking input on proposed changes to claims-related rules for the state’s property insurer of last resort along the Texas coast. The Texas Department of Insurance has proposed changes to Texas Windstorm Insurance Association claim rules that …