Essential Meeting Information:
- TWIA’s Board of Directors will meet in Galveston on Tuesday, February 24, at 9:00 a.m. CT.
- The Board is expected to finalize the Association’s 1-in-50 probable maximum loss (PML) and reinsurance needs for the 2026 storm season.
- Members of the public can provide written comments via email before the meeting or provide virtual or in-person comments at the meeting.
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Greetings:
The Texas Windstorm Insurance Association’s Board of Directors will meet at the Moody Gardens Hotel in Galveston on Tuesday, February 24, at 9:00 a.m. CT. The meeting agenda is available for public review.
The meeting will be livestreamed, and members of the public may attend and make public comments in person or virtually (see details below).
2026 Storm Season Funding
The Board is expected to finalize the Association’s 1-in-50 probable maximum loss (1:50 PML) and determine the Association’s reinsurance needs for the 2026 storm season. The 1:50 PML is the level of losses that would be expected to occur 2% or less of the time. This benchmark establishes the minimum amount of reinsurance needed to meet TWIA’s statutory funding obligation for the upcoming storm season. The Board selected a method for determining the 1:50 PML at its most recent meeting in November.
The Association secures funding to meet its minimum required catastrophe funding level by purchasing reinsurance to supplement other sources of catastrophe funding provided by statute. The Board may also direct Association staff to purchase additional reinsurance above the 1:50 PML. Any reinsurance for coverage above the minimum required funding level would be paid for through assessments of TWIA’s member insurance companies, not from TWIA funds. Member insurance companies cannot recoup the assessments from policyholders through a premium surcharge or tax credit.
Other Business
The Board is also expected to review the Association’s 2025 financial results and receive routine operational reports from Association departments. The Board will not consider changes in TWIA rates at this meeting.
Public Participation and Comment
All meetings of the TWIA Board of Directors and its committees are open to the public. The public may attend and make public comment in person at the Moody Gardens Hotel in Galveston or virtually via Zoom. Members of the Board and staff may participate in the meeting in person or virtually. The meeting will also be livestreamed on YouTube.
TWIA provides three methods for stakeholders to provide public comment to the Board of Directors:
1) Written Public Comment
Members of the public are invited to submit written comments via email at PublicComment@TWIA.org. Interested parties are encouraged to submit comments by noon on Friday, February 20, so the Board can receive and review them before the February 24 meeting. TWIA staff will provide the Board with all written comments regardless of when they are received.
Written comments submitted to TWIA are subject to the Texas Public Information Act. TWIA will post public comments received, with personally identifiable information redacted, at the bottom of this web post.
2) Virtual Verbal Public Comment via Zoom
Individuals wishing to make verbal public comment remotely during the meeting must register and log into the meeting via Zoom on a computer, tablet, smartphone, or telephone. Please ensure you have the latest version of Zoom on your device before joining the meeting. Learn how to update to the latest version of Zoom here.
- You can register to attend the meeting via Zoom.
- After registering for the meeting, you will receive a confirmation email with details on how to join the meeting from your preferred device.
- This method of comment is audio only (no video).
3) In-Person Verbal Public Comment at the Moody Gardens Hotel in Galveston
Individuals wishing to make in-person verbal public comment must attend the meeting at the Moody Gardens Hotel in Galveston. TWIA staff will facilitate the public comment process.
The full address of the meeting location is:
Moody Gardens Hotel
7 Hope Blvd.
Galveston, TX 77554
The meeting materials and archived recording for the Board meeting will be added to our Meeting Library after the meeting.
Should you have any questions, please contact me at DDurden@twia.org or (512) 505-2255.
Sincerely,
David Durden
General Manager
Texas Windstorm Insurance Association
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