2/17/2021 Update: The February 23 TWIA Board meeting has been postponed due to ongoing weather and infrastructure issues throughout Texas. We will post the new date and details once the meeting is rescheduled. Thank you for your understanding. Learn more.
The TWIA Board of Directors will meet on Tuesday, February 23 at 9:00 am for its first quarterly meeting of 2021. The meeting will be held via Zoom and members of the public are invited to provide written comment before the meeting or verbal comment at the meeting (details below). The agenda for the meeting is available here.
The Board will review the Texas Department of Insurance’s (TDI) rejection of TWIA’s filing for a 5% increase in residential and commercial rates. The Board may take action regarding resubmission of the December 2020 rate filing or the submission of a new rate filing.
You may review TWIA’s 2020 Rate Adequacy Analysis, posted on July 21, 2020, on TWIA’s website. The Willis Towers Watson’s analyses, completed in 2020 at the direction of TWIA’s Actuarial & Underwriting Committee, are also available for review on TWIA’s website.
The Board will also receive a presentation from staff and Guy Carpenter & Company, LLC on recommended funding levels for the 2021 hurricane season and reinsurance options to meet funding level requirements. A summary of the catastrophe model output is available here.
As required by statute, the Board will determine the level of funding required to pay and adjust claims for a hurricane season with a probability of one in 100 (1:100 Probable Maximum Loss). The Board is expected to give direction to staff regarding the purchase of reinsurance for the 2021 hurricane season.
Public Participation and Comment
Members of the public are invited to submit written comments via email at PublicComment@TWIA.org. There is no deadline to provide written comments for consideration by the Board, but we ask that emailed comments be sent by noon on Friday, February 19 in order to compile and provide them to the TWIA Board of Directors prior to the February 23 meeting.
Members of the public are also invited to provide verbal comments to the TWIA Board during the designated public comment portion of the meeting. Those wishing to make public comment during the meeting must register and log into the meeting via Zoom.
- Click here to register to attend the meeting via Zoom.
- The meeting will also be livestreamed via YouTube.
An archived recording of the meeting will be available on TWIA’s website after the meeting at www.twia.org/about-us/board-of-directors/archived-meetings.
If you are a member of the media, you may send inquiries to firstname.lastname@example.org.