Public Invited to Comment as TWIA Board Meets in Galveston on 2024 Storm Season Funding

Essential Meeting Information:

  • TWIA’s Board of Directors will meet in Galveston on Tuesday, February 20, at 9:00 a.m. CT.
  • The Board is expected to determine the Association’s 1:100 probable maximum loss (PML) and reinsurance needs for the 2024 storm season.
  • Access the meeting agenda and meeting materials.
  • 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 Board of Directors will meet at the Moody Gardens Hotel in Galveston on Tuesday, February 20 at 9:00 a.m. CT. The Board is expected to determine the Association’s 1:100 probable maximum loss (PML) and reinsurance needs for the 2024 storm season. The meeting agenda and meeting materials are available for public review.

The 1:100 PML is the probable maximum loss for the Association for a catastrophe year with a probability of one in 100. This benchmark establishes the minimum amount of reinsurance needed to meet TWIA’s statutory funding obligation for the upcoming storm season.

The Association’s catastrophe modeling vendor, Aon, will present information on 2024 catastrophe model results and be available to answer questions to aid the Board in its decision. The Board will also receive a recommendation on the 1:100 PML from its Actuarial & Underwriting Committee, which meets on February 13. Upon its determination of the 1:100 PML, the Board will provide instructions to staff on the amount of reinsurance to pursue for the upcoming storm season.

2024 modeled potential catastrophe losses are significantly higher than those presented to the Board in January 2023. Over the past year, TWIA has added more than 25,000 policies and the total insured value of the properties it covers has increased by 26.4%. Staff will present information regarding the Association’s policy count and exposure at the meeting.

The Board is also expected to review the Association’s quarterly financial results, discuss vacancies on the Actuarial & Underwriting Committee, and receive reports from Association departments.

All meetings of the TWIA Board of Directors and its committees are open to the public. The public may attend and make public comment in person at the Moody Gardens Hotel in Galveston or virtually via Zoom. Members of the Board and staff may participate in the meeting in person or virtually. The meeting will also be livestreamed on YouTube.

Public Participation and Comment

TWIA is providing three methods for stakeholders to provide public comment to the Board of Directors:

1) Written Public Comment

Members of the public are invited to submit written comments via email at Interested parties are encouraged to submit comments by noon on Friday, February 16, to enable the Board to receive and review them before the February 20 meeting. TWIA staff will provide the Board with all written comments regardless of when they are received.

Written comments submitted to TWIA are subject to the Texas Public Information Act. TWIA will post public comments received, with personally identifiable information redacted, at the bottom of this web post.

2) Virtual Verbal Public Comment via Zoom

Individuals wishing to make verbal public comment remotely during the meeting must register and log into the meeting via Zoom on a computer, tablet, smartphone, or telephone. Please make sure you have the latest version of Zoom on your device before joining the meetingLearn how to update to the latest version of Zoom here.

  • You can register to attend the meeting via Zoom.
  • After registering for the meeting, you will receive a confirmation email with details on how to join the meeting from your preferred device.
  • This method of comment is audio only (no video).

3) In-Person Verbal Public Comment at the Moody Gardens Hotel in Galveston

Individuals wishing to make in-person verbal public comment must attend the Board meeting at the Moody Gardens Hotel in Galveston. TWIA staff will facilitate the public comment process.

The full address of the meeting location is:
Moody Gardens Hotel
7 Hope Blvd
Galveston, TX 77554

Members of the media with questions about the Board meeting, please email

The meeting materials and archived recording for the Board meeting will be added to our Meeting Library after the meeting.

Written Public Comment Received

As of February 14, TWIA has received two written public comments related to this meeting. Public comments are posted here within two business days of being received by TWIA.