Texas’ insurer of last resort News

Texas Windstorm Insurer Withdraws 10% Rate Increase Filing

Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on …

Receivership Proposed for Texas’ Insurer of Last Resort

In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the organization into receivership. According to the …