Two pieces of legislation impacting the surplus lines insurance industry in Texas have been passed by state lawmakers and are headed to the governor’s desk, the Surplus Lines Stamping Office of Texas (SLTX) reported. Both bills, HB 1306 and HB …
To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives funding primarily …
The Texas Department of Insurance in its 2018 Biennial Report to the legislature has recommended amending state law to permit more flexibility in time limits for handling and resolving claims and disputes brought to the Texas Windstorm Insurance Association (TWIA). …
A Texas lawmaker has proposed subsidizing the state’s underfunded windstorm insurance and flooding assistance by building casinos in coastal counties. State Rep. Joe Deshotel filed the bill on Dec. 7 to cover the cost of subsidizing the Texas Windstorm Insurance …
Texas Insurance Commissioner Kent Sullivan has declined to approve the request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase maximum limits of liability for certain types of property. The Texas …
More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and hail along the Texas coast …
The Texas Department of Insurance will hold a public hearing on Oct. 8 on a request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase its maximum liability limits. The Texas …
With a tropical disturbance in the Gulf of Mexico and Tropical Depression Isaac located east of Mexico’s Yucatan Peninsula and heading west, the Texas Windstorm Insurance Association (TWIA) has activated its CAT Plan, which allows it to start readying the …
The Texas Windstorm Insurance Association (TWIA) board has unanimously approved an additional Class 1 member assessment of $106.8 million for Hurricane Harvey losses, the Insurance Council of Texas (ICT) reported. The newly approved assessment follows the $175 million assessment OK’d …
The Texas Windstorm Insurance Association will soon begin its annual program designed to move policies out of the residual market for wind and hail along the Texas coast. This will be the third round for the Assumption Reinsurance Depopulation Program …
