As Hurricane Francine narrowly misses Texas, sources agreed that the Texas Windstorm Insurance Association (Twia) could be one storm away from diving into prohibitively expensive debt that could make rebuilding its surplus exponentially harder.
When
Hurricane Francine’s swerve highlights Twia’s unsustainable funding structure
An estimated $450mn of losses from Hurricane Beryl will wipe out a surplus Twia had been building since 2017.