The Texas Legislature recently passed several new laws that impact the Texas Windstorm Insurance Association (TWIA). We want to keep you informed about how these changes may affect your work with TWIA and your clients. Over the coming months, TWIA will update our systems, processes, and resources to support the implementation of these new laws. […] The post New Laws Passed: How They May Affect Agents and Policyholders appeared first on TWIA.| TWIA
As we approach the peak of hurricane season, we want to remind you about the policy moratorium process. This message is for informational purposes only. If a policy moratorium becomes likely in the future, we will issue a separate agent bulletin. A policy moratorium means TWIA temporarily stops issuing policies and increasing coverage. During a policy […] The post Information About Policy Moratoriums appeared first on TWIA.| TWIA
TWIA’s annual rate filing process is now underway. As required by law, TWIA must submit a rate filing to the Texas Department of Insurance by August 15. TWIA’s Actuarial & Underwriting Committee will meet on July 14 to consider a rate recommendation to the TWIA Board of Directors. The Board will meet on August 5 to vote on the rate filing […]| TWIA
Hurricane season is here and TWIA policyholders can trust us to be ready to respond when a storm impacts the Texas coast. TWIA Is Ready to RespondWe have secured access to $6.227 billion in funding and updated our Catastrophe (CAT) Incident Response Plan to ensure we quickly and effectively respond to policyholders in the event of […] The post Hurricane Season is Here and We Are Ready to Respond appeared first on TWIA.| TWIA