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: 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 09, 2022
Register Now: Training on Renewals in the New Agent Portal
Attention agents: From June 20-23, we will host training webinars about the renewal process in the New Agent Portal. Space is limited – register today to save your spot. Starting July 18, you will need to work all renewals in the New Agent Portal. Registration full? We have you covered! All the webinars will also […]
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Published Date: June 01, 2022
Hurricane Season Is Here. Are You Ready?
Make sure you are ready to recover after a hurricane hits the coast. Hurricane season runs from June 1 through November 30. This year, the National Oceanic and Atmospheric Administration (NOAA) forecasts an above-normal Atlantic hurricane season, with a likely range of 14 to 21 named storms (winds of 39 mph or higher), of which […]
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Published Date: May 17, 2022
TWIA Board Finalizes Financial Preparations for 2022 Hurricane Season
The TWIA Board of Directors met on May 17 for their second quarterly meeting of 2022. The Board approved a $500 million line of credit to enhance the Association’s liquidity if a catastrophic storm impacts the Texas coast this year. If needed to pay claims, the line of credit would be repaid from the proceeds […]
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Published Date: April 28, 2022
Printing Quotes in the New Agent Portal
Attention agents: You may already know that the New Agent Portal does not include the Old Agent Portal’s way of printing a quote. That is because the old way produced inconsistent results. Inconsistencies aside, agents are telling us that printing a quote is important to how you work and communicate with your clients. That is […]
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Published Date: April 17, 2022
Welcome to the New Agent Portal
Attention Agents: TWIA’s New Agent Portal is here! All new business must now be submitted through the New Agent Portal. Want an overview of how to work in the new portal? Check out this webinar recording. How to Log In Visit www.twia.org/agents/login Choose New Agent Portal Use your existing username and password If you have […]
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Published Date: April 14, 2022
Public Invited to Comment as TWIA Committee Meets to Plan Report to Texas Legislature
Essential Meeting Information: TWIA’s Legislative & External Affairs Committee will meet on Wednesday, April 27, at 10:00 a.m. CT. Access the meeting agenda and meeting materials on TWIA’s website. To make public comment, email PublicComment@twia.org, attend the meeting in person at TWIA’s office in Austin, or attend virtually via Zoom. Watch the livestream on YouTube. The […]
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Published Date: March 28, 2022
Register Now: Training on New Agent Portal
On April 18, we are launching a new TWIA Agent Portal and a new Policyholder Portal. To help agents prepare for these changes, we are hosting a series of training webinars – register today to save your spot. After registering, you will receive a confirmation email with instructions on how to join the webinar. Unable […]
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Published Date: March 23, 2022
TWIA Board Directs Reinsurance Purchase for $4.2 Billion in Total 2022 Hurricane Season Funding
The Texas Windstorm Insurance Association (TWIA) Board of Directors held an interim meeting on March 22. The Board directed Association staff to secure total funding for the 2022 hurricane season in the amount of $4.236 billion through a combination of catastrophe reinsurance (cat bonds and/or traditional reinsurance) and the funding provided in TWIA’s enabling statute. […]
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Published Date: March 07, 2022
Public Invited to Comment as TWIA Board to Meet to Decide on Reinsurance for 2022 Hurricane Season
Essential Meeting Information: TWIA’s Board of Directors will meet on Tuesday, March 22, 2022, at 1:30 p.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 in person at TWIA’s office in Austin or virtually via Zoom. After registering for […]
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Published Date: February 22, 2022
TWIA Board Approves Early Redemption of Outstanding Bonds
The TWIA Board of Directors held their first quarterly meeting of the year on February 22, approving steps to complete the early redemption of bonds that were used to pay Hurricane Harvey claims. The early redemption will reduce the total financing cost of the bonds, resulting in savings of about $17 million through 2024. The […]
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Published Date: February 17, 2022
Trouble Logging in to the TWIA Agent Portal?
Attention Agents: The TWIA Agent Portal has a new login page. This change will strengthen our systems’ security and streamline the login experience. Once you are in the TWIA Agent Portal, you won’t have to log in to Claims Center separately. Action Required: Reset Your TWIA Password To log in, you need to reset the […]
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Published Date: February 11, 2022
Public Invited to Comment as TWIA Board Meets in Galveston on February 22
Essential Meeting Information: TWIA’s Board of Directors will meet on Tuesday, February 22, 2022, at 9:00 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 in person at The Tremont House in Galveston or virtually via Zoom. After […]
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Published Date: February 02, 2022
TWIA Board Selects Aon for Catastrophe Modeling
The Texas Windstorm Insurance Association (TWIA) Board of Directors met on February 2 and voted to select Aon to perform catastrophe modeling services. TWIA issued a Request for Proposals on December 16, 2021 for a consultant or firm to perform catastrophe modeling analysis related to the Board’s statutorily required determination of the Association’s 1-in-100-year probable […]
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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 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 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: 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 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 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 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 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: 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 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 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 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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Published Date: April 22, 2021
TWIA Board Discusses Ideas Related to Rates in Virtual Workshop
The TWIA Board of Directors held a virtual public workshop meeting on April 21, 2021, to study issues related to rates. No action on a rate filing was taken at the meeting. The Board discussed several issues related to rates, including ideas submitted by the members of TWIA’s Actuarial & Underwriting Committee and members of […]
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Published Date: March 23, 2021
TWIA Board Sets Storm Season Funding for 2021, Takes No Action on a Rate Filing
The TWIA Board of Directors held its quarterly meeting via web conference today, directing TWIA staff to secure reinsurance in addition to the funding provided by statute to provide coverage totaling $4.03 billion for the 2021 hurricane season and electing officers. 2021 Hurricane Season Funding and Reinsurance The Board received a presentation from staff and […]
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Published Date: March 11, 2021
Public Invited to Comment as TWIA Board Reviews Rate Filing and Considers Reinsurance for 2021 Storm Season at March 23 Meeting
The quarterly TWIA Board of Directors meeting originally scheduled for February will now be held on Tuesday, March 23 at 9:00 a.m. 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 […]
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Published Date: February 25, 2021
What Is and Isn’t Covered by TWIA Policies
Our office is operational again and processing insurance claims from last week’s winter storms. As property owners continue to identify and report damage, we want to provide a few reminders about TWIA coverages. We have also included federal and state disaster assistance resources below. Reminders About Coverages TWIA covers wind and hail only: TWIA policies […]
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Published Date: February 21, 2021
Open Monday Morning, February 23 TWIA Board Meeting Postponed
The TWIA Agent Portal and Claims Center will be available tomorrow (Monday, February 22) at 6:00 a.m. Our phone lines will open at 8:00 a.m. Policyholders who need to report a claim today (Sunday) may call us at (800) 788-8247. After 6:00 a.m. on Monday, our online Claims Center will be the fastest way to […]
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Published Date: February 20, 2021
POSTPONED: February 23 TWIA Board Meeting
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 […]
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Published Date: February 20, 2021
Systems Available on Monday
Systems Update As a reminder, the TWIA Agent Portal and Claims Center are not available for agent use at this time. Though agents may receive several automated system emails Saturday and Sunday, they will not be able to access the documents. Our staff is currently testing and preparing the systems to be ready for business […]
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Published Date: February 18, 2021
Winter Storm Update
Thank you for your patience as we respond to the impacts of this week’s winter storms. We are working to resume normal business operations as soon as possible and hope to be able to do so on Monday. Like many others across the state, our operations have been affected by ongoing power and internet outages. […]
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Published Date: February 17, 2021
What TWIA Services Are Available and Are Not Available
Due to ongoing weather and infrastructure issues throughout Texas, TWIA offices and systems remain unavailable. Based on state and local advisories, we do not anticipate returning to normal business operations for the rest of this week. We have also cancelled the February 23 TWIA Board meeting. What services are currently available? Our claims call center […]
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Published Date: February 15, 2021
Systems Unavailable Due to Power Outages
February 16, 2021: Due to continued power outages and limited IT and data connectivity, the TWIA office will remain closed and the TWIA Agent Portal and Claims Center will remain unavailable through Wednesday, February 17. Our claims call center remains available to policyholders and can be reached at (800) 788-8247. We will send agents an […]
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Published Date: September 24, 2020
TWIA Submits Biennial Report to the 87th 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 2020 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 87th Texas Legislature. The 2020 Biennial Report may […]
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