Published Date: August 16, 2022
TWIA Submits Biennial Report to the 88th 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 2022 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 88th Texas Legislature. The 2022 Biennial Report may […]
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Published Date: August 12, 2022
Weston Insurance Insolvency and TWIA Coverage
Essential Information: Weston Insurance has been declared insolvent by Florida regulators and will cancel all policies effective September 7. Weston wrote a significant number of windstorm policies in Texas coastal counties. TWIA has a team prepared to assist insurance agents making applications for affected policyholders through our normal processes for windstorm coverage. Weston Property & […]
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Published Date: August 02, 2022
TWIA Board Votes No Rate Increase for Annual Filing
The Board of Directors of the Texas Windstorm Insurance Association (TWIA) voted not to increase rates for 2023 windstorm insurance policies. The Association will file for a 0% rate change in its annual required rate filing with the Texas Department of Insurance by the statutory deadline of August 15. The decision followed the Board receiving […]
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Published Date: July 22, 2022
Public Invited to Comment as TWIA Board Considers Annual Rate Filing at August 2 Meeting
Essential Meeting Information The TWIA Board of Directors will meet on August 2 to consider the Association’s statutorily required annual rate filing. TWIA’s Rate Adequacy Analysis indicates that current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. Members of the public can provide written comments via email before […]
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Published Date: July 20, 2022
TWIA Committee Finalizes Recommendations to Board on Legislative Report
The TWIA Board’s Legislative & External Affairs Committee met on July 20 and adopted legislative recommendations to include in the Association’s Biennial Report to the Texas Legislature. The Committee’s legislative recommendations will be provided to the TWIA Board of Directors for consideration at its August 2 meeting. The Biennial Report must be submitted to the […]
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Published Date: July 18, 2022
TWIA Actuarial & Underwriting Committee Recommends No Change in Rates
TWIA’s Actuarial & Underwriting Committee met on July 18 and recommended that the TWIA Board of Directors vote to make a rate filing with no change in residential or commercial rates when it meets on August 2. The recommendation came after the Committee reviewed the 2022 Rate Adequacy Analysis prepared by the Association’s actuarial staff. The Analysis finds […]
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Published Date: July 08, 2022
Public Invited to Comment as TWIA Committee Meets to Develop Report to Texas Legislature
Essential Meeting Information: TWIA’s Legislative & External Affairs Committee will meet on Wednesday, July 20, at 9:00 a.m. CT to continue work on legislative recommendations for TWIA’s Biennial Report. Access the meeting agenda. Members of the public can provide written comment via email before the meeting or provide in-person or virtual comment at the meeting. […]
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Published Date: July 07, 2022
Public Invited to Comment as TWIA Actuarial & Underwriting Committee Meets to Consider Rate Recommendation
Essential Information: The Actuarial & Underwriting Committee will meet on July 18 to consider a recommendation to the TWIA Board on rates. TWIA’s Rate Adequacy Analysis indicates that current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. Members of the public can provide written comments via email before […]
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Published Date: June 29, 2022
TWIA Posts 2022 Rate Adequacy Analysis
TWIA’s 2022 Rate Adequacy Analysis indicates that TWIA’s current rates are inadequate by 15 percent for residential coverage and 11 percent for commercial coverage. The Rate Adequacy Analysis is a professional estimate by TWIA’s actuarial staff of the extent to which rates are sufficient to cover the Association’s operating expenses and its expected losses from […]
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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. 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 increases, […]
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Published Date: June 24, 2022
TWIA Committee Continues Work on Legislative Recommendations Report to Board
The TWIA Board’s Legislative & External Affairs Committee met on June 24 to continue planning legislative recommendations to the Board of Directors for the Association’s Biennial Report to the Texas Legislature. The Committee directed staff to prepare additional information for Committee consideration on recommendations proposed by legislators and other stakeholders. TWIA will announce the Committee’s […]
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Published Date: June 22, 2022
Timeline for TWIA’s Annual Rate Filing Consideration
Essential Information: TWIA is required to submit a rate filing to the Texas Department of Insurance by August 15 each year. All rate increases are subject to review and approval by the Insurance Commissioner. TWIA accepts public comment on TWIA rates at all Board and Committee meetings. More information on TWIA rates is available on […]
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Published Date: June 10, 2022
Public Invited to Comment as TWIA Committee Meets to Develop Report to Texas Legislature
Essential Meeting Information: TWIA’s Legislative & External Affairs Committee will meet on Friday, June 24, at 10:00 a.m. CT. Access the meeting agenda 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 TWIA Board’s […]
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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 06, 2022
Renewals in the New Agent Portal
Attention agents: Starting July 18, 2022, you will need to work all renewals in the New Agent Portal. While most of the process will be the same as in the Old Agent Portal, there are some important differences. Below are the top five things to know and do. 1. You can edit renewal offers before […]
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Published Date: June 01, 2022
TWIA Issues 2022 Annual Report and Catastrophe 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 2022 Annual Report, covering the period from June 1, 2021 to May 31, 2022, shows that TWIA and its […]
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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 25, 2022
Mortgagee Escrow Payments in the New Agent Portal
Attention agents: We hear that you need the flexibility to make online payments on behalf of your clients when signing them up for mortgagee escrow in the New Agent Portal. For new business, this change would help secure coverage more quickly than going through their mortgage company for the payment. New Payment Workflow Coming Soon […]
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Published Date: May 19, 2022
Agents, How Do You Use Printed Quotes?
Attention agents: How do you use printed quotes? How do you want to use them? Or for them to look? Fill out this brief survey to let us know. Click Here to Share Print Quote Feedback Your feedback will help guide the way we design the print quote feature for the New Agent Portal. It […]
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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: May 06, 2022
Public Invited to Comment as TWIA Board Meets in Austin on May 17
Essential Meeting Information: TWIA’s Board of Directors will meet on Tuesday, May 17, 2022, at 9:00 a.m. CT at the Hyatt Regency Hotel, 208 Barton Springs Road, Austin, TX 77554. Access the meeting agenda and materials. TWIA received three written public comments for this meeting. To make public comment, email PublicComment@twia.org, attend the meeting in […]
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Published Date: May 02, 2022
MSB in the New Agent Portal
TWIA uses an industry-standard tool, commonly called MSB (short for Marshall Swift/Boeckh), to calculate replacement cost estimates in both the Old and New Agent Portals. Although the tool is the same, the estimating process is slightly different depending on which portal you are using. Notably, in the New Agent Portal, the estimator tool seamlessly pre-fills […]
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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 27, 2022
TWIA Committee Meets to Plan Report to Texas Legislature
The TWIA Board’s Legislative & External Affairs Committee met on April 27 to plan the Association’s Biennial Report to the Texas Legislature. The Committee directed staff to solicit additional input on TWIA funding and other issues from members of the Texas Legislature. TWIA will announce the Committee’s next meeting, which is expected to be in […]
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Published Date: April 26, 2022
TWIA General Manager to Retire at the End of 2022
Texas Windstorm Insurance Association General Manager John Polak will retire at the end of 2022 after 11 years of leading the wind and hail insurer of last resort for the Texas coast. The Board of Directors will immediately begin a candidate search to find a well-qualified and capable leader to fill this role. TWIA’s Executive […]
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Published Date: April 21, 2022
TWIA Issues Requests for Proposal for Office Build Out Project Services
The Texas Windstorm Insurance Association is requesting proposals from qualified respondents for project management services related to the construction and/or development of office space. Qualified respondents should submit proposals in accordance with the requirements outlined in the Requests for Proposal (RFPs) issued by TWIA’s Project Manager, Jones Lang LaSalle, Inc. (JLL). Important deadlines pertaining to […]
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Published Date: April 20, 2022
Register Today: Town Halls, 4/26 & 4/28
Attention agents: After working in the New Agent Portal for a week, you may have questions for us. To help answer them, you’re invited to attend a TWIA town hall. New Agent Portal Town Halls Online forums for you and your fellow agents to ask TWIA about working in the New Agent Portal. Register here: https://us06web.zoom.us/webinar/register/WN_0Z2xbefUSoixLhhfbsOFHQ […]
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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: April 11, 2022
Four New TWIA Endorsements
TDI recently approved four new TWIA endorsements. They will be available for new business policies effective on or after April 18, 2022 and for renewal policies effective 90 days later. We created the new endorsements to reduce confusion and make important information about our policies more visible. The new endorsements are: TWIA 311: Extension of […]
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Published Date: April 07, 2022
New Agent Portal Launches April 18
Attention agents: In just a few weeks, on April 18, you will have access to a new TWIA Agent Portal. The New Agent Portal represents the culmination of many significant upgrades, based on your feedback. It offers a centralized, streamlined, user-friendly space to work and communicate with us. It will not change our underwriting or […]
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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
Resolved: Agent Portal Technical Issues
4:21 p.m. 2/17/2022 Update: We are happy to report that the issues affecting the TWIA Agent Portal password reset and login processes are now resolved. If you are still having trouble logging in, please visit our troubleshooting guide. You may also contact our Policy Services team at agentservices@twia.org or by calling (800) 979-6443. Our normal […]
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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 09, 2022
Coming Soon: New Agent Portal Login Page
Starting on February 17, the TWIA Agent Portal will have a new login page. This change will strengthen our systems’ security and streamline the login experience. Once agents are in the TWIA Agent Portal, they won’t have to log into Claims Center separately. How This Will Impact TWIA Agents To ensure continuous access to the […]
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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 27, 2022
Wellington Residential Interest-Free 10-Pay Plan
The Wellington Residential Interest-Free 10-Pay Plan (“The Wellington 10-Pay Plan”) is a temporary payment plan for TWIA residential policies. Policyholders on this plan pay 25% of their premium when the policy is issued, and the remaining premium amount is spread evenly over the next nine months. All payments are interest-free. The Wellington 10-Pay Plan will […]
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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 20, 2022
TWIA Issues Request for Proposals for Project Management Services
The Texas Windstorm Insurance Association is requesting proposals from qualified respondents for project management services related to construction and/or development of office space. The full Request for Proposal (RFP) is available here. Questions and requests for clarification on this RFP must be submitted by February 4, 2022, and responses to the RFP must be submitted […]
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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 21, 2021
Written Public Comments for the December 7, 2021 TWIA Board of Directors Meeting
At its December 7 meeting, the TWIA Board of Directors voted to maintain 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 in November, calling on them to reverse the […]
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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: December 06, 2021
TWIA Committee Votes to Move Forward with Recommendation on Vendor for Reinsurance Broker
The Actuarial & Underwriting Committee for the Texas Windstorm Insurance Association met on December 6 to review best and final offers from respondents to the Association’s recent Request for Proposals for reinsurance broker services. TWIA uses a reinsurance broker to facilitate its annual purchase of reinsurance as part of its required catastrophe funding for each […]
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