The Texas Windstorm Insurance Association (TWIA) announced it is in its strongest-ever position for this year’s hurricane season with $4.9 billion in total funding available to pay claims. The funding level is sufficient to cover a 100-year storm season and …
Texas lawmakers are expected to file legislation this year aimed at stemming the tide of property claims litigation in the wake of catastrophic weather events, such as hailstorms. Proponents of such legislation would like to see a measure that limits …
The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …
Texas’ wind and hail insurer of last resort in coastal areas announced that a judgment has been entered in its favor in a lawsuit brought by League City in Southeast Texas. The judgment signed on Oct. 16, 2014, by Presiding …
Texas Windstorm Insurance Association (TWIA) announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since Hurricane Ike in 2008. The funds come …
During a public meeting to be held next week, the Texas Windstorm Insurance Association expert panel plans to inform the public about the progress of the panel’s work. The TWIA will allow the public to observe the panel members discussing …
The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates beginning in January 2014. The Texas Windstorm Insurance Association board of directors voted to file …
Friday marks the anniversary of the costliest hurricane to hit Texas. On September 13, 2008, Hurricane Ike hit Galveston Island. According to Mark Hannah with the Insurance Council of Texas (ICT), insured losses as a result of the storm totaled …
The Texas Windstorm Insurance Association board of directors voted on Monday to delay deciding whether the company that provides severe weather coverage to homeowners and businesses along the coast should go into receivership. The association best known as TWIA has …
Although no bills had been filed as of this writing, proposals are reportedly in the works that would drastically change the structure and/or funding for the association. One measure expected to be filed by Sen. John Corona would create a …