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 rejected the Texas Windstorm Insurance …
A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for public review. The report finds that if …
The Texas Windstorm Insurance Association’s actuarial and underwriting committee is seeking more data from TWIA staff and an actuarial consulting firm on rate adequacy and catastrophe modeling for potential hurricane losses. In a meeting on Sept. 22, the committee directed …
The Actuarial and Underwriting Committee of Texas’ insurer of last resort for wind and hail coverage for properties in the state’s coastal counties voted on July 21 to recommend a 0% rate increase to its board of directors. The Texas …
