Texas Windstorm Insurer: Submit Depopulation Documentation by August 25
Texas Windstorm Insurance Association member companies that want to participate in the Assumption Reinsurance Depopulation Program may now submit required documentation to both TWIA and the Texas...
View ArticleClimate 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...
View ArticleTexas Windstorm Insurer Says It’s Ready for Harvey
The Texas Windstorm Insurance Association said it has initiated its catastrophe plan and that it is ready for Tropical Storm Harvey. Tropical Storm Harvey has crossed the boundaries of 80 degrees west...
View ArticleTexas Windstorm Insurance Association Request to Raise Liability Limits...
Texas Insurance Commissioner Kent Sullivan has declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA...
View ArticleInterim Charges for Texas House Committees Focus on Harvey’s Impact
In laying out the interim committee charges for the next legislative session, which will begin in January 2019, Texas House Speaker Joe Straus focused on Hurricane Harvey’s impact on the state. Almost...
View ArticleReport: Nearly $60M in Texas Windstorm Insurer Hurricane Ike Claims Still Unpaid
The Houston Chronicle reports that several school districts, cities and other government agencies are still waiting for a Texas insurer to pay nearly $60 million in claims from Hurricane Ike, adding to...
View ArticleTexas Windstorm Association Seeking $175M Assessment for Harvey Losses
The board of directors of the Texas Windstorm Insurance Association has authorized staff to seek regulatory approval for a $175 million assessment to TWIA’s insurance company members for losses...
View ArticleTexas Commission Seeking Comments for Texas Windstorm Insurance Review
While the Texas Windstorm Insurance Association is not subject to closure by the state’s Sunset Commission, the insurer is subject to periodic review by the commission as required by the Texas Sunset...
View ArticleTexas Governor Extends Time for Ruling on Windstorm Rate Increase Filing
Texas Gov. Greg Abbott has effectively extended until June 16, 2019, the deadline for approval or disapproval of a recent rate increase filed by the Texas Windstorm Insurance Association. The governor...
View ArticleGhost of Harvey Looms Large as 2019 Hurricane Season Gets Underway
Compared with 2017, last year’s hurricane season was a relatively quiet one for the Gulf Coast states of Louisiana and Texas, with major U.S. storm systems such as Hurricanes Michael and Florence...
View ArticleTexas Windstorm Insurer Names Actuarial/Underwriting Committee Members
The Texas Windstorm Insurance Association has identified appointees to its Actuarial/Underwriting Committee. The committee has historically developed recommendations to the TWIA Board concerning...
View ArticleTexas Windstorm Insurer: New Laws Bring Organizational Changes
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...
View ArticleRCV, ACV Policy Changes Are Coming, Texas Windstorm Insurer Says
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...
View ArticleComments 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...
View ArticleTexas 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...
View ArticleTexas Windstorm Insurance Association Board to Assess Members $90M, Defers...
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...
View ArticleOperational Changes Coming in 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...
View ArticleNew 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,...
View Article4 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...
View ArticleTexas 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...
View ArticleTexas 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 –...
View ArticleTexas 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...
View ArticleTexas 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...
View ArticleGovernor Signs 4 Bills Impacting Texas Windstorm Insurer
Numerous measures relating to the Texas Windstorm Insurance Association were filed in the Texas Legislature in 2021 and four made it to Gov. Greg Abbott’s desk. One, House Bill 769, has only two...
View ArticleTexas Windstorm Insurance Rates Deemed Inadequate
The Texas Windstorm Insurance Association has posted its 2021 Rate Adequacy Analysis for public review. The analysis indicates that TWIA’s current rates are inadequate by 39% for residential coverage...
View ArticleTexas Windstorm Insurance Association Begins Annual Rate Filing Process
The Texas Windstorm Insurance Association has begun its annual rate filing process, which will kick off with a July 21 meeting. TWIA’s Actuarial & Underwriting Committee is set to review the rate...
View ArticleTexas Coastal Windstorm Insurance Coalition Celebrates 50 Years
The Coastal Windstorm Insurance Coalition in Texas is celebrating its 50th anniversary this year. Established originally as the Windstorm Action Committee in Galveston, the coalition has expanded in...
View ArticleTWIA Invites Public Comment For Catastrophe Modeling Services Vendor...
The Texas Windstorm Insurance Association is inviting the public to comment on its vendor for catastrophe modeling services ahead of a Feb. 2 meeting where the TWIA Board of Directors will meet to...
View ArticleTWIA Board Meeting Will Discuss Budget, Reinsurance Program
The Texas Windstorm Insurance Association Board of Directors will meet next week in Corpus Christi to approve next year’s budget among other business. The board is expected to consider filling the...
View ArticleTexas Windstorm Insurance Group Getting Update on Cat Funding for 2023 Season
The Texas Windstorm Insurance Association Board of Directors will meet at the Austin Marriott South on May 23 at 9 a.m. In addition to the TWIA board’s consideration of routine association updates, the...
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