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Essential Meeting Information:
- TWIA’s Actuarial & Underwriting Committee will meet on July 11 to develop a recommendation to the TWIA Board on rates.
- Access the meeting agenda and materials on TWIA’s website.
- TWIA's 2023 Rate Adequacy Analysis indicates that current rates are inadequate by 20 percent for residential coverage and 22 percent for commercial coverage.
- Members of the public can provide written comments via email before the meeting or provide virtual or in-person comment at the meeting.
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Greetings:
The Texas Windstorm Insurance Association's (TWIA) Actuarial & Underwriting Committee will meet on Tuesday, July 11 at 10:00 am CT. The meeting agenda and materials are available on TWIA's website.
The Committee will review the 2023 Rate Adequacy Analysis prepared by the Association's actuarial staff, receive public comment, and consider whether to recommend a change in rates to TWIA's Board of Directors. The Rate Adequacy Analysis indicates that TWIA's current rates are inadequate by 20 percent for residential coverage and 22 percent for commercial coverage.
On August 8, 2023, the TWIA Board will meet in Galveston to consider the rate adequacy analysis, the Committee's recommendation, and stakeholder feedback when voting to decide on the Association's annual required rate filing. A timeline of TWIA's 2023 annual rate filing consideration process is available on TWIA's website.
All meetings of the TWIA Board of Directors and its committees are open to the public. The public may attend and make public comment for this meeting in person at TWIA's office in Austin or virtually via Zoom. Members of the Committee and staff may participate in the meeting in person or virtually. The meeting will also be livestreamed on YouTube.
Providing Public Comment to the Committee
Members of the public can submit written comments via email at PublicComment@TWIA.org. Interested parties are encouraged to submit comments by noon on Friday, July 7, to enable the Committee to receive and review them before the July 11 meeting. TWIA staff will provide the Committee with all written comments regardless of when the Association receives them.
Written comments submitted to TWIA are subject to the Texas Public Information Act. TWIA will post public comments received, with personally identifiable information redacted, on TWIA’s website.
Members of the public can provide verbal comments to the Committee during the designated public comment portion of the meeting. If you want to make public comment during the meeting, you can attend the meeting at TWIA's office in Austin or register and log into the meeting via Zoom on a computer, tablet, smartphone, or telephone. A limited number of TWIA staff will be on-site to facilitate the public comment process.
- Click here to 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.
- The meeting will also be livestreamed on YouTube.
The meeting materials and archived recording for the Committee meeting will be added to our Archived Meetings page after the meeting.
As a reminder, this message and all TWIA Legislative Updates for this session will be archived at www.TWIA.org/legislative.
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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