Texas Windstorm Insurance Association (TWIA) News

TWIA Committee to Consider General Manager Candidates at Upcoming Meeting

The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …

TDI Orders Emergency Rule Protecting Weston Policyholders During Hurricane Season

The Texas Department of Insurance (TDI) announced an emergency rule this week removing barriers for Weston Property & Casualty Insurance Company policyholders to receive wind and hail coverage through the Texas Windstorm Insurance Association (TWIA). Weston’s Texas policies will be …

Weston’s Texas, Louisiana Policies to be Canceled September 7

Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled on September 7 after the Florida-based insurer was ordered to end operations in early August after going insolvent. The Texas Department of Insurance (TDI) said Weston …

TWIA Shares Timeline For Annual Rate Filing Consideration

The Texas Windstorm Insurance Association announced this week the timeline for its annual rate filing consideration. By law, TWIA must make a rate filing with the Texas Department of Insurance by August 15 each year. TWIA’s Actuarial & Underwriting Committee …

People Moves: Specialty Comp Insurance Solutions Promotes Math to President; Polak Retiring as TWIA GM

Specialty Comp Insurance Solutions Promotes Steve Math to President & CEO Specialty Comp Insurance Solutions (SCIS), a division of Specialty Program Group, LLC (SPG), promoted Steve Math, FCAS, to president and chief executive officer of SCIS, reporting to Chris Treanor, …

TWIA Committee to Meet April 27 to Plan Report to Legislature

The Texas Windstorm Insurance Association (TWIA) Board’s Legislative & External Affairs Committee will meet on April 27 at 10:00 a.m. CT. At this meeting, the Committee will begin planning the Association’s Biennial Report to the Texas Legislature. The agenda for …

TWIA Board to Meet on March 22 to Decide on Reinsurance for 2022 Hurricane Season

The Texas Windstorm Insurance Association Board of Directors will hold an interim meeting on March 22 at 1:30 p.m. CT to determine TWIA‘s catastrophe funding and reinsurance needs for the 2022 hurricane season. The Board will review catastrophe model results …

TWIA Board Chooses Aon For Catastrophe Modeling

The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the Board’s statutorily required determination of the Association’s 1-in-100-year probable maximum loss (PML) for the 2022 hurricane season and reinsurance purchase …

Top 10 South Central Insurance Journal Stories of 2021

Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …

Texas Windstorm Insurance Association Committee Recommends Willis Re for Reinsurance Broker

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …