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 …
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 …
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 …
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 …
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 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 …
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 …
The Texas Windstorm Insurance Association is alerting agents about an important, upcoming change to the policy conditions that determine how covered losses are settled. Current law says the type of loss settlement — replacement cost value (RCV) vs. actual cash …
The Texas Windstorm Insurance Association (TWIA) reports that working to implement new laws that change how TWIA does business and serves policyholders. The association recently issued the following update on a few important changes have already gone into effect. As …
The Texas Windstorm Insurance Association has identified appointees to its Actuarial/Underwriting Committee. The committee has historically developed recommendations to the TWIA Board concerning association rate filings, including the association’s statutorily required Aug.15 rate filing, other rate filings permitted by law, …
