loss_hikes_-shutterstock_1704013489
9 August 2023Insurance

TWIA fails in Texas rate hike bid, rates hold 20+% below adequacy

The Texas state insurer of last resort, the Texas Windstorm Insurance Association (TWIA), failed in a bid to begin to plug its lagging rate adequacy, as the board of governors shot down a company proposal amid heavy protest.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
9 August 2023   TWIA will pay ‘a little bit lower’ than budget, but ‘significantly’ above prior year.
Insurance
27 June 2023   Statutory adverse client selection puts excess hurricane risk into TWIA commercial book.