The Texas Department of Insurance is currently developing a process for obtaining an Alternative Certification for obtaining windstorm insurance in coastal areas. Under the Alternative Eligibility Program, residential property owners may continue to obtain windstorm insurance for their structure through …
In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20 voted for a proposal that the board of …
John Polak has been named general manager of the Texas Windstorm Insurance Association (TWIA). Since April 2011, Polak served as interim general manager for the association. Polak has more than 39 years of industry experience, including management positions in financial, …
Texas insurance regulators are seeking a consultant to explore options for restructuring the insurer of last resort for properties along the Texas coast. The Texas Department of Insurance has issued a request for proposal (RFP) seeking assistance in identifying, evaluating …
Texas House Speaker Joe Straus of San Antonio has appointed South Padre Island Mayor Robert Pinkerton, Jr. to the Joint Interim Committee to Study Seacoast Territory Insurance. The committee will examine alternative ways to provide insurance to the state’s seacoast …
That Texas ranked among the bottom three states in a recently released analysis of residential building codes in the 18 hurricane-prone coastal states does not sit well with the state’s insurance regulators. In the Institute for Business and Home Safety’s …
The Texas Windstorm Insurance Association (TWIA) recently named Pete Gise as controller and David Williams as vice president of claims. As controller, Gise manages financial reporting, accounts receivable processing and remittances, accounts payable, reinsurance accounting, and budgeting and planning. Throughout …
The New Year ushered in changes to the operation of Texas’s insurance company of last resort for wind and hail along the Texas coast. Many of the operational changes will affect insurance agents who handle Texas Windstorm Insurance Association policies. …
Changes in the billing and commission program at Texas’ insurer of last resort for coastal property will prompt a shut down of the agency’s E-Quote system over the long New Year holiday weekend. Due to the conversion of the Texas …
The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012. In a bulletin to insurance agents, TWIA said under the new system it will assume the responsibility for paying agents’ commission. …
