Twia set to push for higher cat fund minimums, in bid to lower reinsurance costs
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Twia set to push for higher cat fund minimums, in bid to lower reinsurance costs

The proposals include increasing either statutory or CRTF funds.

By Shelby Rosenberg
May 22, 2024
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austin texas windstorm twia 2.jpg

The Texas Windstorm Insurance Association’s (Twia) board is planning to ask the Texas legislature to either adjust statutory funding in line with increases in probable maximum loss (PML) exposure or raise the minimum levels on Twia’s catastrophe fund trust.

Twia...

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