texas windstorm insurance association News

Wind Insurer Settles Lawsuit with South Texas School District

The Texas Windstorm Insurance Association has agreed to pay nearly $8 million to settle an unpaid claims lawsuit filed by a southern school district, according to state district court records in Cameron County. The Brownsville Independent School District filed the …

Texas Windstorm Insurer to Offer $500M of Unrated Debt: Muni Deals

Texas Windstorm Insurance Association this week is offering $500 million in unrated municipal debt as the Austin-based group girds for the hurricane season through November. The association, created by the Texas legislature in 1971 to be the windstorm and hail …

Texas Windstorm Insurer’s Financial Outlook Improved as Hurricane Season Starts

Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in …

Texas Windstorm Insurer Opens 24-Hour Claims Call Center

The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail along the Texas coast, reported it has established a Claims Call Center that is open 24 hours, seven days a week. TWIA is encouraging its agents …

Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …

Texas Seeks Comments on Rule Extending Time to File Windstorm Claims

The Texas Department of Insurance is seeking informal comments on a draft rule outlining how a policyholder with the Texas Windstorm Insurance Association may request additional time for filing a claim with TWIA. Insurance Code §2210.205 permits the commissioner to …

Texas Lawmaker Wants Probe into Windstorm Insurance Association Emails

A Texas lawmaker has called for an investigation into racist emails uncovered within the Texas Windstorm Insurance Association, which acknowledged in court that bigotry could have influenced a claim filed by a predominantly Hispanic school district. The racist emails surfaced …

Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases

The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies covering residential dwellings and individually-owned …

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 …

Texas Windstorm Insurer Offers Underwriting Basics Online Workshop

The Texas Windstorm Insurance Association (TWIA) announced it is now offering its Texas Windstorm Insurance Association Underwriting Basics Workshop online. This course, which is open to insurance agency personnel, has been approved by the Texas Department of Insurance for four …