9 August 2023Insurance

Texas’ TWIA suffered 40% hike in reinsurance rate-on-line to 9.1%

The Texas state insurer of last resort, the Texas Windstorm Insurance Association (TWIA), is paying a 9.1% rate on line for its 2023-24 $2.43 billion reinsurance program, up 40% from a 6.5% rate in the prior year’s programme.

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