texas windstorm insurance association News

Public Meeting on Texas Windstorm Insurance Issues Announced

The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held Aug. 22 from 2:30 pm – 4:00 pm in Austin. The purpose of the meeting is to inform the …

Texas AG: State Not on the Hook for TWIA Unfunded Losses

Texas’ attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal properties should that organization not have sufficient funds to pay its bills. In a published opinion answering a …

Texas Windstorm Insurance Group Expects Surplus

The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17. Pete Gise, who handles the Texas Windstorm …

Texas Governor: Storm Insurance Special Session Possibility

Gov. Rick Perry has said he may add reshaping the troubled Texas Windstorm Insurance Association to a special legislative session he’s already convened on redistricting, but wouldn’t yet say for sure whether he’ll give lawmakers more to do. Perry called …

Texas Windstorm Insurer Board: No Receivership at This Time

Numerous representatives from Texas coastal counties, cities and business organizations on March 25 spoke before the board of the state’s insurer of last resort urging them to oppose the proposal by state regulators to place the organization in receivership. The …

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 …

Bill Proposing Property Assigned Risk Plan Filed in Texas

A bill has been filed that would drastically change the structure and/or funding for Texas’ insurer of last resort for wind and hail along the coast. Senate Bill 18 by Sen. John Corona would create the Texas Property Insurance Program, …

New Windstorm Rules Drive Texas Engineers Away

Hundreds of engineers have dropped out of a windstorm certification program following legislative changes to become certified by the Texas Department of Insurance. The Corpus Christi Caller-Times reported that more than 900 engineers took part last year. That dropped to …

Texas Windstorm Insurer: Rates to Increase Jan. 1

Texas’ property insurer of last resort in coastal counties has issued a reminder to agents that while the maximum limits of liability for residential and commercial properties will remain the same in 2013 as they were in 2012, both commercial …

Texas Wind Insurer: Agent Login Will Change Dec. 13

The Texas Windstorm Insurance Association is advising agents that the web address for its E-Quote login will change on Dec. 13, 2012. The old login address, https://quote.twia.org/twia/do/login, for use prior to Dec. 13, 2012, will change to https://portal.twia.org/twia/do/login, for use …