Published Date: January 21, 2022
Public Invited to Comment as TWIA Board Meets to Consider Recommendation on Vendor for Catastrophe Modeling Services
Essential Meeting Information: TWIA’s Board of Directors will meet on Wednesday, February 2, 2022, at 9:30 a.m. CT. Access the meeting agenda here and the meeting materials here. In order to make public comment during the meeting, you must attend the meeting at TWIA’s Austin office or via Zoom. After registering for the meeting, you […]
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Published Date: January 20, 2022
TWIA Issues Request for Proposals for Project Management Services
The Texas Windstorm Insurance Association is requesting proposals from qualified respondents for project management services related to construction and/or development of office space. The full Request for Proposal (RFP) is available here. Questions and requests for clarification on this RFP must be submitted by February 4, 2022, and responses to the RFP must be submitted […]
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Published Date: January 19, 2022
TWIA Committee Votes to Move Forward with Recommendation on Vendor for Catastrophe Modeling Services
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association met on January 19 to review presentations from selected respondents to the Association’s Request for Proposals (RFP) for catastrophe modeling services. The Committee voted to recommend to TWIA’s Board of Directors that the Association contract with Aon for catastrophe modeling services. TWIA issued an […]
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Published Date: January 06, 2022
TWIA Actuarial & Underwriting Committee to Review Proposals for Catastrophe Modeling Services at January 19 Meeting
Essential Meeting Information: TWIA’s Actuarial & Underwriting Committee will meet on Wednesday, January 19, 2022, at 10:00 a.m. CT. Access the meeting agenda here and the meeting materials here. Attend the meeting at TWIA’s Austin office or via Zoom. Watch the livestream on YouTube. Send written public comment to PublicComment@TWIA.org. The Actuarial & Underwriting Committee […]
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Published Date: January 04, 2022
TWIA Seeks Recommendations for Actuarial & Underwriting Committee Membership
UPDATE: The application and recommendation period for TWIA’s Actuarial & Underwriting Committee closed on January 28, 2022. The Association appreciates the interest in the Committee shown by our stakeholders. All decisions on appointment(s) to the Committee will be made by the TWIA Board of Directors. The Texas Windstorm Insurance Association (TWIA) Board of Directors is […]
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Published Date: December 21, 2021
Written Public Comments for the December 7, 2021 TWIA Board of Directors Meeting
At its December 7 meeting, the TWIA Board of Directors voted to maintain the 5% rate increase on windstorm insurance policies scheduled to take effect on January 1. The decision, on a 5 to 3 vote, came after coastal members of the Texas Legislature wrote to the Board in November, calling on them to reverse the […]
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Published Date: December 16, 2021
TWIA Request for Proposals for Catastrophe Modeling Services
The Texas Windstorm Insurance Association (TWIA) is requesting proposals from qualified consultants or firms to oversee its catastrophe modeling process. The selected respondent will provide catastrophe modeling expertise related to the TWIA Board of Directors’ statutorily required determination of the Association’s 1-in-100-year probable maximum loss (PML) for each hurricane season and reinsurance purchase decision. This […]
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Published Date: December 07, 2021
TWIA Board Maintains 5% Rate Increase for 2022 Policies
The TWIA Board of Directors met December 7 and declined to reverse the 5% rate increase on windstorm insurance policies scheduled to take effect on January 1. The decision, on a 5 to 3 vote, came after coastal members of the Texas Legislature wrote to the Board last month, calling on them to reverse the […]
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Published Date: December 06, 2021
TWIA Committee Votes to Move Forward with Recommendation on Vendor for Reinsurance Broker
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association met on December 6 to review best and final offers from respondents to the Association’s recent Request for Proposals for reinsurance broker services. TWIA uses a reinsurance broker to facilitate its annual purchase of reinsurance as part of its required catastrophe funding for each […]
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Published Date: November 24, 2021
Public Invited to Comment as TWIA Board Meets December 7
The Board of Directors of the Texas Windstorm Insurance Association (TWIA) will meet on Tuesday, December 7 at 9:00 a.m. CT. The agenda for the meeting can be found here and the meeting materials are here. Among items the Board is expected to consider or act on are: Request by coastal legislators that the Board reverse […]
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Published Date: November 24, 2021
Public Invited to Comment as TWIA Actuarial & Underwriting Committee to Meet December 6 on Reinsurance Broker Services
The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association will meet on Monday, December 6 at 10:00 a.m. CT. The agenda for the meeting can be found here, and the meeting materials are here. At its meeting on November 2, the Committee voted to recommend to TWIA’s Board of Directors that the Association […]
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Published Date: November 08, 2021
How Agents Can Access TWIA Policy Center in Microsoft Edge
Attention Agents: Microsoft will retire Internet Explorer (IE) on June 15, 2022. In anticipation, they removed this browser from computers during a recent Windows update. If Internet Explorer was removed from your computer, you can still access TWIA Policy Center using the Microsoft Edge browser. However, to do so, you will need to configure Microsoft […]
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Published Date: November 02, 2021
TWIA Committee Recommends Vendors for Reinsurance Broker and Catastrophe Modeling Services
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association met on November 2 to review proposals from potential vendors for reinsurance broker services and catastrophe modeling services. The Committee voted to recommend to TWIA’s Board of Directors that the Association contract with Willis Re for reinsurance broker services and with Aon for catastrophe […]
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Published Date: October 26, 2021
5% Increase in TWIA Rates Going into Effect on January 1
Texas Windstorm Insurance Association policyholders will see a 5% increase in rates reflected on new and renewal windstorm policies effective January 1, 2022. Current TWIA policyholders will begin receiving renewal notices reflecting the new rates by mail on November 1, 2021. This is the first TWIA rate increase to go into effect since 2018. The […]
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Published Date: October 25, 2021
TWIA Board Reviews 2022 Budget Information
The TWIA Board of Directors held an interim meeting on October 25 to review preliminary information related to the Association’s 2022 budget. Selected highlights of the budget presentation include: TWIA policies in-force are projected to increase 5.2% over 2022, to an estimated 204,211 by year end. Similarly, 2022 direct written premiums are projected to increase […]
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Published Date: October 22, 2021
Written Public Comments for October 19 TWIA Actuarial & Underwriting Committee Meeting
At its October 19 meeting, TWIA’s Actuarial & Underwriting Committee reviewed wind mitigation credits available to TWIA policyholders and related issues. The committee also received an update on TWIA’s Request for Information on catastrophe modeling secondary modifier services. During the meeting, the Committee voted to recommend to the TWIA Board that Association staff research and analyze […]
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Published Date: October 22, 2021
TWIA Actuarial & Underwriting Committee to Review Proposals for Reinsurance Broker and Catastrophe Modeling Services at November 2 Meeting
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association will meet on Tuesday, November 2, 2021, at 12:30 pm. The Committee will receive presentations from selected respondents to two Requests for Proposals (RFPs) issued by the Association for reinsurance broker services and catastrophe modeling services. The Committee will also provide recommendations to the […]
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Published Date: October 19, 2021
TWIA Actuarial & Underwriting Committee Reviews Wind Mitigation Credits
The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee met on October 19 to review wind mitigation credits available to TWIA policyholders and related issues. The committee also received an update on TWIA’s Request for Information on catastrophe modeling secondary modifier services. During the meeting, the Committee voted to recommend to the TWIA Board […]
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Published Date: October 19, 2021
TWIA Answers Questions Submitted During October 6 Claims Webinar
Thank you to those of you who joined us for our webinar about TWIA’s claims process on October 6, 2021. If you were unable to attend the webinar or want to reference the information we shared, a recording is available here: TWIA Claims Webinar: Your Nicholas Questions Answered. The webinar presentation is available here. We […]
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Published Date: October 13, 2021
TWIA Board of Directors to Review 2022 Budget Information at October 25 Meeting
The TWIA Board of Directors will hold an interim meeting on October 25, 2021, at 10:30 a.m. to review preliminary information related to the Association’s 2022 budget. Here are the meeting agenda and materials. The TWIA Board traditionally approves the Association’s budget at its fourth quarterly meeting each year. TWIA staff will provide early information […]
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Published Date: October 07, 2021
TWIA Actuarial & Underwriting Committee to Review Wind Mitigation Credits at October 19 Meeting
The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee will meet via Zoom on Tuesday, October 19, 2021 at 1:30 pm to review wind mitigation credits available to TWIA policyholders and related issues. The meeting will also be livestreamed on YouTube. The agenda and the materials for the meeting can be found here. At […]
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Published Date: October 01, 2021
In-Person Claims Assistance for Policyholders
We want our policyholders’ Hurricane Nicholas claim process to go as smoothly as possible and help them get every dollar owed to them for damage covered under their TWIA policy. In pursuit of this goal, TWIA claims staff will be in Galveston and Lake Jackson to provide in-person assistance to policyholders. Spanish-speaking staff will be […]
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Published Date: September 28, 2021
TWIA Claims Webinar October 6
October 7 Update: Thank you to everyone who attended this webinar. If you couldn’t attend, but wanted to, a recording of it is available here: https://youtu.be/LEP2GE510aI. We want the TWIA claim process to go as smoothly as possible and help our policyholders affected by Hurricane Nicholas get everything owed to them for damage covered under […]
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Published Date: September 23, 2021
TWIA Flood Insurance Requirement
Many TWIA policyholders impacted by Hurricane Nicholas live in areas where, if certain conditions are met, a TWIA eligibility requirement to obtain flood insurance is triggered. This is mandated by law in the Texas Insurance Code Chapter 2210 and TWIA’s Plan of Operation. Repairs do NOT trigger this requirement. Please review the summary below to […]
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Published Date: September 14, 2021
Information for Policyholders Impacted by Hurricane Nicholas
4/18/2022 Update: Starting April 18, 2022, TWIA policyholders can report a claim online in Claims Center or the Policyholder Portal. Click here to learn which one you are eligible to use. TWIA is responding to Hurricane Nicholas and is ready to pay its policyholders for covered damages. If you are impacted by this storm, the […]
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Published Date: September 13, 2021
CAT Plan Activated, Policy Moratorium Possible
We have activated our Catastrophe Incident Response (CAT) Plan in response to Tropical Storm Nicholas. This will help us respond to our policyholders and other stakeholders as quickly and effectively as possible if this storm causes severe damage in our coverage area. TWIA is still writing coverage. However, it is possible that a policy moratorium […]
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Published Date: August 30, 2021
Moratorium Lifted
Today, August 30, 2021, the TWIA policy moratorium was lifted. We are now issuing policies for new and increased coverage. Applications received during the moratorium will be processed according to underwriting guidelines. Learn more about TWIA policy moratoriums.
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Published Date: August 27, 2021
Policy Moratorium in Effect, CAT Plan Activated
4/18/2022 Update: Starting April 18, 2022, TWIA policyholders can report a claim online in Claims Center or the Policyholder Portal. Click here to learn which one you are eligible to use. In response to Hurricane Ida, a TWIA policy moratorium is in effect and we have activated our Catastrophe Incident Response (CAT) Plan. Policy Moratorium […]
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Published Date: August 26, 2021
Moratorium Possible
TWIA is monitoring ongoing storm activity which may impact our coverage area. It is possible that a policy moratorium will go into effect in the near future. During a moratorium, TWIA is unable to issue any new policies or increase coverage on existing policies/renewals (learn more). TWIA must receive both the application and the payment […]
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Published Date: August 20, 2021
REGISTER NOW: TWIA Payment Options Refresher Agent Webinar
Agents are invited to brush up on TWIA payments by attending an interactive webinar covering: TWIA payment options, including how to determine if TWIA has received the payment; TWIA payment plans; Hurricane season overview; and Payments during hurricane season. Space is limited, so register early! Agent Webinar – TWIA Payment Options Refresher Attendees are required […]
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Published Date: August 09, 2021
TWIA Submits 5% Rate Increase Filing and Other Filings to Texas Department of Insurance
The Texas Windstorm Insurance Association has made several filings with the Texas Department of Insurance (TDI). The filings have been made at the direction of TWIA’s Board of Directors at its meeting of August 3, 2021. It is expected that these filings will be posted to TDI’s TWIA Filings webpage. Rate Filing TWIA is required […]
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Published Date: August 05, 2021
Written Public Comments for the August 3, 2021 TWIA Board of Directors Meeting
At its August 3 meeting, the TWIA Board of Directors deliberated on the Association’s annual required rate filing with the Texas Department of Insurance (TDI). The Board voted 5 to 3 to file a 5% rate increase for residential and commercial policies. The filing must be made by August 15 and may be subject to […]
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Published Date: August 04, 2021
All About Policy Moratoriums
As we enter the height of hurricane season, now is the perfect time to brush up on TWIA policy moratoriums – and ensure you have the coverages you need. During a moratorium, TWIA is unable to issue any new policies or increase coverage on existing policies/renewals. Please take a moment to review the ins and […]
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Published Date: August 03, 2021
TWIA to File for 5% Increase in Rates
The Texas Windstorm Insurance Association Board of Directors voted to direct staff to file a rate increase of 5% for residential and commercial policies in its required annual filing with the Texas Department of Insurance (TDI). The filing, which was approved by a vote of 5 to 3, must be made by August 15 and […]
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Published Date: July 29, 2021
Galveston Satellite Location Available for On-Camera Public Comment as TWIA Board Considers Recommended Rate Increase
Members of the public will have an opportunity to provide on-camera comments in Galveston to the TWIA Board of Directors when they consider a recommended rate increase on August 3. The TWIA Board of Directors will meet virtually via Zoom on Tuesday, August 3 at 9:00 a.m. CT. Space will be available at The Tremont […]
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Published Date: July 27, 2021
Written Public Comments for July 21 TWIA Actuarial & Underwriting Committee Meeting
At its July 21 meeting, TWIA’s Actuarial & Underwriting Committee reviewed the Rate Adequacy Analysis prepared by the Association’s actuarial staff. The Committee voted to recommend that the TWIA Board of Directors vote to make a rate filing to increase rates by 5% for residential and commercial policies. In making their decision, the Committee also […]
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Published Date: July 23, 2021
Public Invited to Comment as TWIA Board Considers Annual Rate Filing at August 3 Meeting
The Board of Directors of the Texas Windstorm Insurance Association (TWIA) will meet via Zoom on Tuesday, August 3 at 9:00 a.m. CT. The meeting will also be livestreamed via YouTube. The Board is expected to consider the Association’s statutorily required annual rate filing, among other issues. The meeting agenda and materials are available on […]
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Published Date: July 21, 2021
TWIA Actuarial & Underwriting Committee Recommends 5% Increase in Rates
TWIA’s Actuarial & Underwriting Committee met today via Zoom and recommended that the TWIA Board of Directors vote to make a rate filing to increase rates by 5% for residential and commercial policies when it meets on August 3. The recommendation came after the Committee reviewed the Rate Adequacy Analysis prepared by the Association’s actuarial […]
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Published Date: July 21, 2021
New State Laws Affecting TWIA
Attention Agents: Several new laws related to TWIA were passed by the Texas Legislature during this year’s regular legislative session. While most of them do not directly impact agents, we want you to have all of the information about how TWIA’s operations will or won’t change based on this legislation. New Laws Impacting Agents and […]
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Published Date: July 16, 2021
TWIA Request for Information (RFI) for Catastrophe Modeling Secondary Modifier Services
The Texas Windstorm Insurance Association (TWIA) is investigating and requesting information from qualified third-party vendors on the availability and cost of services to obtain additional information (secondary modifiers) about its residential book of business to incorporate into probabilistic catastrophe (CAT) model results provided by third parties. The full Request for Information (RFI) is available here. […]
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Published Date: July 09, 2021
TWIA Begins Annual Rate Filing Consideration Process with July 21 Meeting of Actuarial & Underwriting Committee
UPDATED 7/13/2021: TWIA has posted additional material for the July 21 meeting of the Actuarial & Underwriting Committee. The new material is a staff memo in response to questions from Committee members and can be found here. UPDATED 7/20/2021: TWIA has posted a presentation related to the Proposed Endorsement and TWIA Rate Manual Filings agenda […]
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Published Date: July 06, 2021
TWIA Posts 2021 Rate Adequacy Analysis
TWIA’s 2021 Rate Adequacy Analysis indicates that TWIA’s current rates are inadequate by 39 percent for residential coverage and 46 percent for commercial coverage. TWIA’s Rate Adequacy Analysis consists of several PDF documents and Microsoft Excel spreadsheets. The complete 2021 TWIA Rate Adequacy Analysis can be found here. A summary of the analysis is found […]
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Published Date: June 30, 2021
TWIA Posts Proposed Underwriting Changes for Public Review
The Texas Windstorm Insurance Association (TWIA) has posted proposed filings to its website for public review. The proposed filings represent potential changes to TWIA’s underwriting processes to serve our policyholders better. The proposed filings will be reviewed by TWIA staff with TWIA’s Actuarial & Underwriting Committee at its July 21, 2021 meeting. It is expected […]
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Published Date: June 25, 2021
Request for Proposals: Annual Audit Accounting Services
July 19, 2021 Update: TWIA/TFPA is no longer accepting proposals for this RFP. The last day to submit proposals was Friday, July 16. July 9, 2021 Update: In accordance with the RFP timeline, TWIA/TFPA has published responses to written questions on the TWIA website at www.twia.org/vendor-requests. The Texas Windstorm Insurance Association (TWIA) and Texas FAIR […]
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Published Date: June 01, 2021
TWIA Issues 2021 Annual Report and Catastrophe (CAT) 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 2021 Annual Report, covering the period from June 1, 2020 to May 31, 2021, shows that TWIA and its […]
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Published Date: May 27, 2021
TWIA Website Now Available in Spanish
To better serve our policyholders and their agents, our website now includes a Spanish-language option. Visitors may now toggle between English and Spanish by clicking the flag icons at the top of the page. This new website feature automatically generates translations. Reasonable efforts have been made to ensure their accuracy, however, no automated translation is […]
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Published Date: May 20, 2021
Starting 9/1: Increased Limit of Liability Adjustments Through ABC Endorsement
This year’s automatic adjustments associated with the Adjusted Building Cost (ABC) endorsement (TWIA-220) will be greater than they have been in the recent past. From 2018-2020, annual automatic adjustments to the dwelling limit of liability remained below 1%; this year, they will be around 2% (varying by location). The ABC endorsement, commonly referred to as […]
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Published Date: May 18, 2021
TWIA Board Finalizes Financial Preparations for 2021 Hurricane Season
The TWIA Board of Directors met today and approved the renewal of a line of credit to allow for quickly paying claims in the event of a catastrophic storm impacting the Texas coast this year. The $500 million line of credit from JP Morgan Chase Bank and Bank of America will allow the Association to […]
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Published Date: May 13, 2021
TWIA Systems Unavailable 5/21-5/24
The TWIA Agent Portal and Claims Center will be unavailable from 6:00 p.m. on Friday, May 21, until 8:00 a.m. on Monday, May 24. Claims reporting will still be available through our call center at (800) 788-8247. During February’s winter storms, infrastructure issues across the state caused our systems to go offline for several days. […]
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Published Date: May 07, 2021
Public Invited to Comment as TWIA Board Discusses 2021 Storm Season Funding
The TWIA Board of Directors will hold its quarterly meeting via Zoom on Tuesday, May 18 at 9:00 am. The meeting will also be livestreamed via YouTube. The agenda for the meeting can be found here. The Board will not consider a rate filing at the May 18 meeting. Among items expected to be considered […]
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