TWIA Actuarial & Underwriting Committee Meets, Hears Public Testimony

The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) met today to consider the development of recommendations to the Association’s Board of Directors concerning rate filings as permitted by law, rate adequacy issues, and strategies.

The Committee received both written and in-person testimony from the public on the Association’s rate adequacy analysis and reviewed and received a presentation from TWIA staff on the content of the rate adequacy analysis.

The Committee voted to direct TWIA staff to review issues raised by the Committee during the meeting and provide written comments to the Committee in order to allow it to meet again in time to formulate a recommendation to the TWIA Board to be considered at its December 10 quarterly meeting in Corpus Christi.