The Texas Senate has passed a bill intended to improve the state’s coastal windstorm insurance agency, clarifying the claims process and increasing transparency at the agency. The measure to reform the Texas Windstorm Insurance Association is nearly identical to the …
The Texas Senate unanimously approved its version of a bill to revamp the state’s windstorm fund that insures coastal properties against hurricane damage. The Texas Windstorm Insurance Association reform measure, House Bill 272, attempts to address the issue of “slab …
The board of the insurer of last resort for property along the Texas coast has selected John Polak as the association’s interim general manager. Polak succeeds Randy Wipf, who was named acting general manager of the Texas Windstorm Insurance Association …
Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives Insurance Committee Chairman Rep. John Smithee …
Texas State Rep. Larry Taylor, R-Friendswood, has introduced House Bill 2818, a comprehensive reform effort intended to address many of the problems confronting the Texas Windstorm Insurance Agency (TWIA). In announcing the bill, Rep. Taylor said the legislation is in …
The Texas Department of Insurance has informed the director of the state’s property insurance company of last resort for wind in the state’s coastal counties that it is placing the organization under TDI’s administrative oversight. In a Feb. 28, 2011, …
The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) recently notified insurance agents that the organizations have received a formal request to inspect or copy some of their files. The requested files include information held by TWIA …
