Independent Actuary Finds TWIA’s 2021 Rates Deficient

Independent Actuary Finds TWIA’s 2021 Rates Deficient

On Sept. 4, Willis Towers Watson reported its independent evaluation of rates and catastrophe models for the Texas Windstorm Insurance Association, finding the rates deficient for 2021. The numbers come in not quite as deficient as TWIA’s internal actuaries predicted...
Hurricane Laura’s Losses Estimated at $4B to $15B

Hurricane Laura’s Losses Estimated at $4B to $15B

Early estimates of onshore property damage from Hurricane Laura by various modelers range from about $4 billion to $12 billion. Those estimates came in from CoreLogic, Karen Clark and Company and AIR. Several days later, risk modeler RMS estimated that onshore and...
Commissioner Kent Sullivan Announces His Resignation

Commissioner Kent Sullivan Announces His Resignation

On Aug. 18, Kent Sullivan announced his resignation as Texas Commissioner of Insurance. He remains in this role through September. Sullivan became commissioner in October 2017 shortly after Hurricane Harvey’s catastrophic impact on the state. During his three…

Insurance Serves Policyholders When There is ‘No More’

Insurance Serves Policyholders When There is ‘No More’

By MICHAEL G. MANESManes and Associates Today is September 11, 2020 – the 19th anniversary of what we now call – 9 /11. The TV is playing in the background, reliving the terror of that day. It is the tragedy– no matter where you lived–that reshaped our world. We will...