TWIA News

Texas House Committee Hearing on Windstorm Insurance Legislation Set for Jan. 15

The insurance committee in the Texas House of Representatives will hold a hearing on Jan. 15 to consider the state of rulemaking and other governmental actions with regard to legislation passed in 2019 affecting Texas’ property insurer of last resort …

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 …

Climate Change And Gisele, The Law of the Land

When the opening ceremony of the Olympics in Rio highlighted climate change, it wasn’t hard to imagine the buzz – positive and negative – that would be generated. The show included references to rising sea levels, and an animated GIF …

TWIA Transfers $262M Into Catastrophe Reserve Trust Fund

The Texas Windstorm Insurance Association has transferred $262.7 million into its Catastrophe Reserve Trust Fund as a result of its 2014 operations. The transfer brings the CRTF total to its largest balance at roughly $480 million. As part of overall …

Texas Windstorm Insurer Offers Underwriting Basics Online Workshop

The Texas Windstorm Insurance Association (TWIA) announced it is now offering its Texas Windstorm Insurance Association Underwriting Basics Workshop online. This course, which is open to insurance agency personnel, has been approved by the Texas Department of Insurance for four …

Texas Windstorm Insurance Group Expects Surplus

The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17. Pete Gise, who handles the Texas Windstorm …

Texas Windstorm Insurer Board: No Receivership at This Time

Numerous representatives from Texas coastal counties, cities and business organizations on March 25 spoke before the board of the state’s insurer of last resort urging them to oppose the proposal by state regulators to place the organization in receivership. The …

Receivership Proposed for Texas’ Insurer of Last Resort

In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the organization into receivership. According to the …

Texas Windstorm Insurer: Rates to Increase Jan. 1

Texas’ property insurer of last resort in coastal counties has issued a reminder to agents that while the maximum limits of liability for residential and commercial properties will remain the same in 2013 as they were in 2012, both commercial …

Texas Wind Insurer: Agent Login Will Change Dec. 13

The Texas Windstorm Insurance Association is advising agents that the web address for its E-Quote login will change on Dec. 13, 2012. The old login address, https://quote.twia.org/twia/do/login, for use prior to Dec. 13, 2012, will change to https://portal.twia.org/twia/do/login, for use …