TWIA Board Votes on 2027 Operating Budget at Corpus Christi Meeting

Published on: November 10, 2026

The Texas Windstorm Insurance Association (TWIA) Board of Directors met on November 10 in Corpus Christi.   

In addition to receiving routine operational updates, the Board took the following actions: 

  • Agent Commissions: The Board received a follow-up report from staff regarding commissions TWIA pays to insurance agents in response to the Board’s request for additional information on this issue at its August meeting. The Board took no action on agent commission rates during the meeting.

  • Catastrophe Funding: The Board approved a request from staff to pursue a bank loan or financing arrangement of approximately $44 million to fund claims and expenses associated with Hurricane Beryl and other 2024 storms.

  • 2027 Operating Budget: The Board approved the Association’s 2027 operating budget. Select highlights of the 2027 budget include: 

    • Gross operating expenses for 2027 are budgeted to decrease by nearly 9 percent from the 2026 budget.

    • Net operating expenses are budgeted to remain nearly flat, from 5.5% in 2026 to 5.6% of earned premium in 2027. (Net operating expenses isolate the cost of operating the Association, excluding the portion attributable to handling claims.)

    •  The Catastrophe Reserve Trust Fund (CRTF) is projected to rise to approximately $350 million for the 2027 storm season.

    • TWIA’s policy count and written premium are projected to continue to flatten and decrease in 2027.   

  • Catastrophe Modeling Services: The Board voted to approve the selection of Howden Re to provide catastrophe modeling services to the Association.

  • Interim Board Meeting on 2027 PML: An interim Board meeting will be scheduled before February 2027 to adopt a methodology for determining TWIA’s statutorily required one-in-50-year probable maximum loss for the 2027 storm season.

  • State Auditor’s Office Efficiency Audit: The Board received a briefing on the results of an efficiency audit conducted by the State Auditor’s Office as required by House Bill 12. The audit recommended that TWIA strengthen its reporting to the Board on the status of its Depopulation programs.

Members of the media with questions about the Board meeting, please email MediaRelations@TWIA.org. 

The agenda, meeting materials, and archived recording for the Board meeting are available on our Meeting Library page.