Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance Association …
The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA Board of Directors will vote to approve …
The Texas Windstorm Insurance Association (TWIA) Actuarial and Underwriting Committee will meet July 11 to review the association’s 2023 rate adequacy analysis. TIWA’s rate analysis for 2023 indicates that current rates are inadequate by 20% for residential coverage and 22% …
The Texas Windstorm Insurance Association Board of Directors met in Austin Tuesday to finalize financial preparations for the 2023 storm season. The Board previously established $4.5 billion as the association’s 1:100 probable maximum loss for 2023. In April, the Board …
The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker, Gallagher Re, will present information to the Board on …
The Texas Windstorm Insurance Associated (TWIA) board of directors voted Thursday to authorize broker Gallagher Re to pursue $2.92 billion in reinsurance for the 2023 storm season. The TWIA board also voted to establish $4.5 billion as the 1:100 probable …
The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough reinsurance to meet the 1:100 year PML. Last …
Texas lawmakers returned to Austin this week for the start of the 88th Legislature, which portends to be a relatively quiet legislative session for hearing property and casualty concerns. “I think insurance is probably not a top priority,” said Albert …
The Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the association’s next General Manager after an extensive months-long search process, effective October 1, 2022. TWIA Board chair Chandra Franklin Womack …
The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …
