Texas Issues Call to Insurance Companies for 2019 North Texas Storm Data

The Texas Department of Insurance has issued a call to insurers licensed to write property/casualty insurance in Texas, including surplus lines and farm mutual insurers for the collection of data about a 2019 storm in North Texas.

Reporting is required for the wind, hail, thunderstorm and flood event that took place on Oct. 20, 2019, in various locations, but primarily in North Texas.

TDI requires reporting of catastrophe-related data by insurers under Insurance Code Chapter 38, Subchapter E and Insurance Code Section 38.001. TDI is only seeking property insurance information for the 2019 North Texas storm.

Only companies required to report property lines in 2020 under the statistical plan are required to report data for this event. All listed companies showing an “X” in the Property column on TDI’s list of companies must report data to ISO. Companies only showing an “X” under the Auto or All Other columns are not required to report data. Companies not shown in either list are not required to report data. There are separate lists for admitted and surplus lines companies.

Companies must file their reports under the statistical plan. Companies should review the statistical plan, specifically Section 4, to determine which property lines it must report. In addition to reviewing the statistical plan, please refer to 28 Texas Administrative Code Section 5.9502 for more information about reporting under the statistical plan.

The first report for data as of Sept. 30, 2020, is due Dec. 28, 2020. Subsequent reports are due on a quarterly basis, 30 days after the end of the quarter.

Submission Information

Companies must send all reports to TDI’s statistical agent, Insurance Services Office Inc. (ISO). ISO needs reporting insurers to complete the attached form to set up the appropriate credentials for statistical reporting. Please return the form to ISO at TXCatStatAgent@verisk.com. Any questions about registering with ISO should be sent to TXCatStatAgent@verisk.com. Once insurer registration is processed, ISO will provide credentials and relevant reporting instructions.

Property insurers should contact ISO even if the company does not have any claims to report for the wind, hail, thunderstorm, and flood event. These companies will still be required to respond to TDI’s bulletin as provided in the statistical plan.

• ZIP codes included in data call
• Reporting form
• Texas Catastrophe Event Statistical Plan for Personal and Commercial Risks (statistical plan)

Send questions about how to submit data to ISO at TXCatStatAgent@verisk.com.

Send questions about this bulletin to TDI at CatastropheData@tdi.texas.gov.

Source: TDI

Topics Carriers Texas Windstorm Data Driven Property