Public Meeting on Texas Windstorm Insurance Issues Announced

The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held Aug. 22 from 2:30 pm – 4:00 pm in Austin.

The purpose of the meeting is to inform the public about the progress of the panel’s work, to allow the public to observe the panel members discussing their work amongst themselves and to allow public comment.

The TWIA expert panel has been appointed under Insurance Code §2210.578 and 28 Texas Administrative Code §§5.4260-5.4268. The panel’s purpose is to develop ways of determining whether a loss to TWIA-insured property was caused by wind, waves, tidal surges, or rising waters not caused by waves or surges.

After the panel completes its work, the commissioner will consider the panel’s findings and publish guidelines that TWIA must use to settle claims.

The meeting will be held at TDI headquarters: William P. Hobby, Jr. State Office Building,
333 Guadalupe 100 Austin, Texas

Source: Texas Department of Insurance