insurer assessments News

Texas Windstorm Insurance Rates to Rise Again in January

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 …

No Insurer Assessments for TWIA, for Now

Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for losses resulting from Hurricane Ike. …

New York Gov.’s Budget Details Banking, Insurance Regulation Merger

New York Gov. Andrew Cuomo’s proposed state budget contains slightly more money for the new agency he wants to create by combining existing banking and insurance regulatory departments than they now get. Cuomo’s proposed 2011-2012 budget recommends $564 million for …