TWIA Actuarial & Underwriting Committee to Meet, Make Recommendation on Probable Maximum Loss for 2024 Storm Season Funding

Essential Meeting Information:

  • TWIA’s Actuarial & Underwriting Committee will meet on Tuesday, February 13 at 1:30 p.m. CT to make a recommendation on the probable maximum loss for the Association’s 2024 storm season funding.
  • 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 comment at the meeting.

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee will meet on Tuesday, February 13 at 1:30 p.m. CT to discuss and potentially make a recommendation to the Board of Directors for determining TWIA’s statutorily required 1:100 probable maximum loss (PML) for the 2024 storm season. The meeting agenda and 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 Committee in its recommendation. It is expected that 2024 modeled potential catastrophe losses will be 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%.

The Board of Directors will consider the Committee’s recommendation at their next meeting on February 20 in Galveston.

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 TWIA’s office in Austin or virtually via Zoom. Members of the Committee 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 Actuarial & Underwriting Committee:

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 9, to enable the Committee to receive and review them before the February 13 meeting. TWIA staff will provide the Committee 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 meeting. Learn 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 TWIA’s office in Austin

Individuals wishing to make in-person verbal public comment must attend the Committee meeting at the TWIA’s office in Austin. TWIA staff will facilitate the public comment process.

The full address of the meeting location is:

4801 Southwest Parkway
Building One, Suite 200
Austin, TX 78735

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

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

Written Public Comment Received

As of February 12, 2024, TWIA has received three public comments related to this meeting. Public comments are posted here within two business days of being received by TWIA.