The primary windstorm insurer for Texas coastal properties won’t be raising limits of liability next year for property it covers. Insurance Commissioner Julia Rathgeber has denied a request by the Texas Windstorm Insurance Association to raise the limits on both …
The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held Aug. 22 from 2:30 pm – 4:00 pm in Austin. The purpose of the meeting is to inform the …
Texas’ attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal properties should that organization not have sufficient funds to pay its bills. In a published opinion answering a …
The non-profit, state-supervised insurance agency for coastal counties is expected to shore up its finances by the end of the year, the group told a Texas House panel Monday. Pete Gise, who handles The Texas Windstorm Insurance Association‘s finances, says …
The board of the Texas Windstorm Insurance Association is meeting to determine the future of the agency that provides coverage to homeowners along the coast. The association, better known as TWIA, has been in serious financial trouble for years. The …
A bill has been filed that would drastically change the structure and/or funding for Texas’ insurer of last resort for wind and hail along the coast. Senate Bill 18 by Sen. John Corona would create the Texas Property Insurance Program, …
Nearly four years after Hurricane Ike made landfall near Galveston Island, coastal residents are still filing claims and hundreds of lawsuits. Most of the legal activity is aimed at the Texas Windstorm Insurance Association (TWIA), which provides homeowners along the …
Texas’ top insurance regulator says the precarious financial position of the state’s insurer of last resort for properties in coastal areas is nothing new. Responding to a letter sent to her by State Rep. John Smithee, chairman of the House …
Texas’ insurer of last resort for wind and hail in coastal counties will remain under the administrative control of state regulators and it will file for a 5 percent rate increase in August to become effective Jan. 1, 2012. At …