Published Date: September 22, 2023
TWIA Quoting & Renewal Process Survey
Attention agents: The Texas Windstorm Insurance Association (TWIA) invites agents to take a short survey on our quoting and renewal processes. Why is TWIA Collecting This Information?We are collecting this information in response to a recommendation by the Sunset Advisory Commission of the Texas Legislature (Recommendation 2.4) to establish separate agent commission rates for new policies and policy renewals […]
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Published Date: August 30, 2023
New Laws Changing TWIA Processes Going into Effect Soon
Attention agents: The Texas Legislature passed several new laws related to the Texas Windstorm Insurance Association (TWIA). Here is some information about these laws and how they will impact how agents do business with TWIA. The Association will be working over the coming weeks and months to update our processes and provide training and information […]
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Published Date: August 30, 2023
Policy Moratorium Lifted
The TWIA policy moratorium has been lifted and we are accepting new applications for coverage effective on or after 8/31/2023. Please contact our Policy Services team with any questions at agentservices@twia.org or (800) 788-8247. Our normal business hours are Monday-Friday, 8:00 a.m.-5:00 p.m.
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Published Date: August 29, 2023
Policy Moratorium in Effect Due to Hurricane Idalia
Tropical Storm Idalia reached hurricane status while within the 80 degrees west longitude and 20 degrees north latitude, which requires TWIA to put a policy moratorium in effect. With the current storm trajectory, Hurricane Idalia is not expected to be a threat to the TWIA coverage area. TWIA anticipates to resume accepting applications at 12:01 a.m. tomorrow, Wednesday, August […]
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Published Date: August 25, 2023
New TWIA Payment Feature
Attention agents: We have added a Payment History section to our portals! Agents and their clients can now find historical payment data in the following ways: TWIA Agent PortalWhen selecting a policy, click on Billing to find the Payment History located at the bottom of the billing page, including data related to received date, check or reference number, […]
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Published Date: August 22, 2023
Claim Reporting Info for Tropical Storm Harold
TWIA is ready to respond to policyholders affected by Tropical Storm Harold. If you are a TWIA policyholder impacted by Tropical Storm Harold and need to report a claim for wind or hail damage to your property, there are several 24/7 options available to you: Report a claim directly to TWIA by: Have your TWIA policy […]
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Published Date: August 21, 2023
Policy Moratorium Reminders
TWIA is monitoring ongoing storm activity that is expected to impact the Texas coast. Even though it is unlikely a policy moratorium will go into effect due to potential tropical storm Nine, we wanted to share this reminder. What happens when a policy moratorium is in effect? When could a policy moratorium go into effect? When there’s a hurricane in […]
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Published Date: August 18, 2023
Welcome to the new TWIA website!
The website was redesigned to better serve our valued policyholders, agents, and other stakeholders who play a vital role in our mission. This new website marks another step toward an improved user experience. We are enthusiastic about the positive impact it may have in simplifying your interactions with us. What has changed? The new website […]
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Published Date: August 08, 2023
TWIA to Submit 0% Rate Filing for 2024 Policies
The Texas Windstorm Insurance Association Board of Directors met on August 8 and voted not to increase 2024 residential and commercial policy rates. The Association will file a 0% rate change for its annual required rate filing with the Texas Department of Insurance by the August 15 statutory deadline. A recommendation by the Actuarial & […]
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Published Date: July 27, 2023
Public Invited to Comment as TWIA Board Considers Annual Rate Filing at August 8 Meeting
Essential Meeting Information: The Texas Windstorm Insurance Association Board of Directors will meet at the Tremont House in Galveston on Tuesday, August 8 at 9:00 a.m. CT. The Board is expected to consider the Association’s statutorily required annual rate filing for 2024 policies. The meeting agenda and materials are available. All meetings of the TWIA […]
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Published Date: July 11, 2023
TWIA Actuarial & Underwriting Committee Recommends 5% Increase in 2024 Residential Rates, 8% for Commercial
TWIA’s Actuarial & Underwriting Committee met on July 11 and voted to recommend that the TWIA Board of Directors approve a rate filing to increase rates by 5% for 2024 residential policies and by 8% for 2024 commercial policies when it meets on August 8. The recommendation, on a 3 to 1 vote, came after […]
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Published Date: June 28, 2023
Public Invited to Comment as TWIA Actuarial & Underwriting Committee Meets to Develop Rate Recommendation
Essential Information: The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee will meet on Tuesday, July 11 at 10:00 am CT. The meeting agenda and materials are available. The Committee will review the 2023 Rate Adequacy Analysis prepared by the Association’s actuarial staff, receive public comment, and consider whether to recommend a change in […]
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Published Date: June 26, 2023
TWIA Posts 2023 Rate Adequacy Analysis
TWIA’s 2023 Rate Adequacy Analysis indicates that TWIA’s current rates are inadequate by 20 percent for residential coverage and 22 percent for commercial coverage. The Rate Adequacy Analysis is an estimate prepared by TWIA’s actuarial staff of whether rates are sufficient to cover the Association’s operating expenses and its expected losses from claims. The 2023 […]
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Published Date: June 23, 2023
Timeline for TWIA’s Annual Rate Filing Consideration
Essential Information: The Texas Windstorm Insurance Association’s (TWIA) annual rate filing consideration process is about to begin. By law, TWIA must make a rate filing with the Texas Department of Insurance by August 15 each year. TWIA’s Actuarial & Underwriting Committee typically meets in July before the rate filing date to decide on a rate […]
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Published Date: June 01, 2023
TWIA Issues 2023 Annual Report and Catastrophe Incident Response Plan
Texas Insurance Code Section 2210.107(c) requires TWIA to produce an Annual Report to the Texas Legislature detailing the extent to which the Association and the Board of Directors have met the requirements of the Code. TWIA’s 2023 Annual Report, covering the period from June 1, 2022 to May 31, 2023, shows that TWIA and its […]
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Published Date: May 23, 2023
TWIA Board Completes Financial Preparations for 2023 Storm Season
The Texas Windstorm Insurance Association Board of Directors met in Austin for its second quarterly meeting of 2023. The Board received an update on reinsurance funding for the 2023 storm season and routine operational highlights. The Board approved $4.5 billion in total funding for this year’s storm season at its April 18 meeting. The Board […]
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Published Date: May 12, 2023
TWIA Board to Meet in Austin on May 23
Essential Meeting Information: The Texas Windstorm Insurance Association Board of Directors will meet at the Marriott Austin South on Tuesday, May 23 at 9:00 a.m. CT. The meeting agenda is available. In addition to the Board’s consideration of routine Association updates, the Board will receive an update on reinsurance and catastrophe funding for the 2023 […]
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Published Date: April 18, 2023
TWIA Board to Maintain $4.5 Billion Catastrophe Funding Level for 2023
The TWIA Board of Directors held an interim meeting on April 18 to review options for reinsurance beyond its statutory funding requirement and will not pursue additional reinsurance beyond the $2.24 billion that it decided to secure at its January meeting. The Board received a presentation from Gallagher Re, the Association’s reinsurance broker, on reinsurance […]
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Published Date: April 06, 2023
TWIA Board to Receive Update, Take Possible Action on Reinsurance Purchase for 2023 Storm Season
Essential Meeting Information: TWIA’s Board of Directors will meet on Tuesday, April 18 at 2:30 p.m. CT to receive an update and take possible action on the Association’s reinsurance purchase for the 2023 storm season. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual […]
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Published Date: February 14, 2023
TWIA Board Reviews Progress on 2023 Reinsurance Program
The Texas Windstorm Insurance Association Board of Directors met in Galveston on February 14 for its first quarterly meeting of 2023. At the meeting, TWIA staff provided the Board with an overview of the Association’s financial statements and department operational reports. The Board clarified the direction made at its January 19 meeting and asked staff […]
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Published Date: February 03, 2023
TWIA Board to Meet in Galveston on February 14
Essential Meeting Information: TWIA’s Board of Directors will meet at the Moody Gardens Hotel in Galveston on Tuesday, February 14 at 9:00 a.m. CT. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comments at the meeting. The Texas Windstorm Insurance Association’s […]
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Published Date: January 19, 2023
TWIA Board Sets $4.5 Billion as 1-in-100 Year Probable Maximum Loss for 2023 Storm Season
The Texas Windstorm Insurance Association Board of Directors met on January 19 and voted to establish $4.5 billion as the Association’s 1:100 probable maximum loss (PML) for the 2023 storm season. The 1:100 PML specifies the minimum amount of reinsurance needed to meet the Association’s statutory funding obligations. The Board further directed TWIA staff and […]
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Published Date: January 11, 2023
TWIA Committee Recommends Board Set $5.2 Billion Probable Maximum Loss for 2023 Storm Season
The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on January 11 and voted to recommend the TWIA Board establish $5.2 billion as the Association’s 1:100 probable maximum loss (PML) for the 2023 storm season. The 1:100 PML specifies the minimum amount of reinsurance needed to meet the Association’s statutory funding obligations. The Committee […]
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Published Date: January 06, 2023
TWIA Board to Meet to Determine Probable Maximum Loss for 2023 Storm Season Funding
Essential Meeting Information: TWIA’s Board of Directors will meet on Thursday, January 19 at 10:00 a.m. CT to determine the Association’s 1:100 probable maximum loss (PML) for the 2023 storm season. The TWIA Board is expected to consider a recommendation on the determination of the 1:100 PML from the Actuarial & Underwriting Committee, which meets […]
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Published Date: December 22, 2022
TWIA Actuarial & Underwriting Committee to Meet, Make Recommendation on Probable Maximum Loss for 2023 Storm Season Funding
Essential Meeting Information: TWIA’s Actuarial & Underwriting Committee will meet on Wednesday, January 11 at 10:00 a.m. CT to make a recommendation on probable maximum loss for the Association’s 2023 storm season funding. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person […]
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Published Date: December 13, 2022
TWIA Board Meets in Corpus Christi, Moves Forward on 2023 Reinsurance
The Texas Windstorm Insurance Association Board of Directors met on December 13 for its final quarterly meeting of 2022. The Board voted to begin the process of securing funding for the 2023 storm season. TWIA’s Actuarial & Underwriting Committee and the Board will hold meetings in January to determine the Association’s statutorily required 1:100 probable […]
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Published Date: December 02, 2022
TWIA Board to Meet in Corpus Christi on December 13
Essential Meeting Information: The TWIA Board of Directors will meet in Corpus Christi on Tuesday, December 13 at 9:00 a.m. CT. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment during the meeting. The Texas Windstorm Insurance Association Board of Directors […]
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Published Date: November 02, 2022
TWIA Board Reviews 2023 Budget Information
The TWIA Board of Directors met on November 2 to review preliminary information related to the Association’s 2023 budget. Select highlights of the budget presentation include: TWIA policies in-force are projected to increase over 2023 to an estimated 232,209 by year end. Direct written premiums are projected to grow to $560 million. The draft 2023 […]
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Published Date: October 20, 2022
TWIA Board to Meet to Review 2023 Budget Information on November 2
Essential Meeting Information: The TWIA Board of Directors will meet on Wednesday, November 2 at 10:00 a.m. CT to review preliminary information about the Association’s 2023 budget. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment at the meeting. The TWIA […]
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Published Date: September 21, 2022
Board of Directors Selects David Durden as TWIA General Manager
Today the Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the association’s next General Manager after an extensive months-long search process, effective October 1, 2022. TWIA Board chair Chandra Franklin Womack said, “It is with great pride that I announce the Board’s decision to promote […]
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Published Date: September 14, 2022
TWIA Board Interviews General Manager Candidates
The Texas Windstorm Insurance Association (TWIA) Board of Directors met on September 14 to interview candidates for TWIA General Manager. The Board voted to conduct in-person interviews of finalists at its next meeting on September 21. Members of the media with questions about the Board meeting, please email MediaRelations@TWIA.org. The agenda and archived recording for […]
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Published Date: September 09, 2022
TWIA Board to Meet to Consider Candidates for General Manager
Essential Meeting Information: The TWIA Board of Directors will meet on Wednesday, September 21 at 10:00 a.m. CT regarding candidate interviews and potential action on a hiring decision for TWIA’s General Manager. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment […]
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Published Date: September 08, 2022
TWIA Committee Considers General Manager Candidates
The TWIA Board’s Executive Search Committee met on September 8 to evaluate candidates for TWIA’s General Manager. The Committee directed the recruiter for the General Manager role to arrange interviews with selected candidates for the September 14 TWIA Board meeting. Members of the media with questions about the Committee meeting, please email MediaRelations@TWIA.org. The agenda […]
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Published Date: September 02, 2022
TWIA Board to Meet to Consider Candidates for General Manager
Essential Meeting Information: TWIA’s Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT regarding candidate interviews and potential action on a hiring decision for TWIA’s General Manager. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment at […]
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Published Date: August 31, 2022
TWIA Board Meets About Association’s Response to Weston Insolvency
The Texas Windstorm Insurance Association Board of Directors met on August 31 for an interim meeting regarding the insolvency of Weston Insurance and the Association’s preparations for Weston policyholders seeking TWIA coverage. At the meeting, the Board received an update from staff regarding the potential number of Weston policyholders who may be seeking TWIA coverage […]
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Published Date: August 26, 2022
TWIA Committee to Meet to Evaluate Candidates for General Manager
Essential Meeting Information TWIA’s Executive Search Committee will meet on Thursday, September 8 at 9:00 a.m. CT to evaluate General Manager candidates. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment at the meeting. The TWIA Board’s Executive Search Committee will […]
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Published Date: August 19, 2022
Public Invited to Comment as TWIA Board Meets to Discuss Weston Insolvency
Essential Meeting Information: TWIA’s Board of Directors will meet on Wednesday, August 31 at 1:30 p.m. CT regarding the insolvency of Weston Property & Casualty Insurance Company. Access the meeting agenda. Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment at the meeting. The Texas […]
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Published Date: August 18, 2022
Weston’s Insolvency and TWIA Coverage FAQ
Essential Information: Weston Insurance has been declared insolvent by Florida regulators and will cancel all policies effective September 7. Weston’s insolvency does not impact any TWIA policies. TWIA is prepared to assist insurance agents in securing windstorm coverage for impacted Weston policyholders. Review this FAQ for the most up-to-date information about this issue. Weston Property […]
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Published Date: August 16, 2022
TWIA Submits Biennial Report to the 88th Texas Legislature
In accordance with Texas Insurance Code Section 2210.0025, the Texas Windstorm Insurance Association publishes, on behalf of the Board of Directors, the 2022 Biennial Report to the Texas Legislature. The Biennial Report contains information regarding the operations of the Association and the Board’s legislative recommendations for the 88th Texas Legislature. The 2022 Biennial Report may […]
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Published Date: August 12, 2022
Weston Insurance Insolvency and TWIA Coverage
Essential Information: Weston Insurance has been declared insolvent by Florida regulators and will cancel all policies effective September 7. Weston wrote a significant number of windstorm policies in Texas coastal counties. TWIA has a team prepared to assist insurance agents making applications for affected policyholders through our normal processes for windstorm coverage. Weston Property & […]
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Published Date: August 02, 2022
TWIA Board Votes No Rate Increase for Annual Filing
The Board of Directors of the Texas Windstorm Insurance Association (TWIA) voted not to increase rates for 2023 windstorm insurance policies. The Association will file for a 0% rate change in its annual required rate filing with the Texas Department of Insurance by the statutory deadline of August 15. The decision followed the Board receiving […]
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Published Date: July 22, 2022
Public Invited to Comment as TWIA Board Considers Annual Rate Filing at August 2 Meeting
Essential Meeting Information The TWIA Board of Directors will meet on August 2 to consider the Association’s statutorily required annual rate filing. TWIA’s Rate Adequacy Analysis indicates that current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. Members of the public can provide written comments via email before […]
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Published Date: July 20, 2022
TWIA Committee Finalizes Recommendations to Board on Legislative Report
The TWIA Board’s Legislative & External Affairs Committee met on July 20 and adopted legislative recommendations to include in the Association’s Biennial Report to the Texas Legislature. The Committee’s legislative recommendations will be provided to the TWIA Board of Directors for consideration at its August 2 meeting. The Biennial Report must be submitted to the […]
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Published Date: July 18, 2022
TWIA Actuarial & Underwriting Committee Recommends No Change in Rates
TWIA’s Actuarial & Underwriting Committee met on July 18 and recommended that the TWIA Board of Directors vote to make a rate filing with no change in residential or commercial rates when it meets on August 2. The recommendation came after the Committee reviewed the 2022 Rate Adequacy Analysis prepared by the Association’s actuarial staff. The Analysis finds […]
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Published Date: July 08, 2022
Public Invited to Comment as TWIA Committee Meets to Develop Report to Texas Legislature
Essential Meeting Information: TWIA’s Legislative & External Affairs Committee will meet on Wednesday, July 20, at 9:00 a.m. CT to continue work on legislative recommendations for TWIA’s Biennial Report. Access the meeting agenda. Members of the public can provide written comment via email before the meeting or provide in-person or virtual comment at the meeting. […]
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Published Date: July 07, 2022
Public Invited to Comment as TWIA Actuarial & Underwriting Committee Meets to Consider Rate Recommendation
Essential Information: The Actuarial & Underwriting Committee will meet on July 18 to consider a recommendation to the TWIA Board on rates. TWIA’s Rate Adequacy Analysis indicates that current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. Members of the public can provide written comments via email before […]
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Published Date: June 29, 2022
TWIA Posts 2022 Rate Adequacy Analysis
TWIA’s 2022 Rate Adequacy Analysis indicates that TWIA’s current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. The Rate Adequacy Analysis is a professional estimate by TWIA’s actuarial staff of the extent to which rates are sufficient to cover the Association’s operating expenses and its expected losses from […]
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Published Date: June 27, 2022
Adjusted Building Cost Endorsement: Inflation Impacts TWIA Policies Effective September 15
Updated August 8, 2022: View frequently asked questions about TWIA premiums and the Adjusted Building Cost Endorsement. [LINK] Attention agents: Starting September 15, policyholders renewing their residential TWIA policies will see substantial coverage level and premium increases. The insurance industry at large is seeing significant increases in the cost of construction materials and labor. These […]
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Published Date: June 24, 2022
TWIA Committee Continues Work on Legislative Recommendations Report to Board
The TWIA Board’s Legislative & External Affairs Committee met on June 24 to continue planning legislative recommendations to the Board of Directors for the Association’s Biennial Report to the Texas Legislature. The Committee directed staff to prepare additional information for Committee consideration on recommendations proposed by legislators and other stakeholders. TWIA will announce the Committee’s […]
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Published Date: June 22, 2022
Timeline for TWIA’s Annual Rate Filing Consideration
Essential Information: TWIA is required to submit a rate filing to the Texas Department of Insurance by August 15 each year. All rate increases are subject to review and approval by the Insurance Commissioner. TWIA accepts public comment on TWIA rates at all Board and Committee meetings. More information on TWIA rates is available on […]
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