Among the hundreds of bills filed by Texas lawmakers on the first day of filing for the 2013 legislative session are a handful of proposals related to property/casualty insurance. There are bound to be more, but one overriding property insurance …
Among the top recommendations by a consulting firm hired by Texas insurance regulators to investigate and report on ways to restructure the state’s property insurer of last resort in coastal areas is to reduce the commission percentages for insurance agents …
The Texas Windstorm Insurance Association is not sustainable and likely won’t be until the state spreads the costs of risks associated with major hurricane strikes beyond just Texans living in coastal areas, the state’s top insurance official said. Eleanor Kitzman, …
Going into the peak time of the year for hurricane development, Texas’ property insurance company of last resort in coastal areas has around $800 million in available cash to immediately handle claims in the event a storm hits the state’s …
Agents who place insurance with Texas’ property insurer of last resort in coastal areas apparently have been having difficulty faxing policy changes to the company. The Texas Windstorm Insurance Association says the fax connection provider is to blame. TWIA said …
Texas State Rep. Larry Taylor, R-Friendswood, has introduced House Bill 2818, a comprehensive reform effort intended to address many of the problems confronting the Texas Windstorm Insurance Agency (TWIA). In announcing the bill, Rep. Taylor said the legislation is in …
