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TWIA Board opts to only buy reinsurance and cat bonds up to 1-in-50 year PML in 2026

  Artemis
At a meeting held in Galveston today, the Texas Windstorm Insurance Association (TWIA) Board agreed to only pursue purchase of the statutory minimum amount of reinsurance and catastrophe bonds needed to hit the 1-in-50 year funding level in 2026, opting not to buy any additional risk transfer to cover higher return period events.Recall that, . These changes adjust the statutorily required funding level TWIA’s Board needs to prepare for, although the Board,.. Read More

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