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The Texas Windstorm Insurance Association (TWIA), the property insurer of last resort for Texas Gulf Coast property owners exposed to windstorms and hail, has today been holding its latest quarterly board of directors meeting. We wrote back in November here that the TWIA actuarial committee had recommended that an item be placed on the agenda […]

The Texas Windstorm Insurance Association (TWIA), the insurer of last resort who provide windstorm and hail insurance to Texas Gulf Coast property owners who might otherwise be left uninsured, is the latest semi-governmental insurer to look seriously at the catastrophe bond market as a way to complement their reinsurance and risk transfer program. A meeting […]