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TWIA board votes not to reverse planned rate increase

Despite request from lawmakers
TWIA Board of Directors will consider rate hike
TWIA Board of Directors will consider rate hike
Posted at 12:20 PM, Dec 08, 2021
and last updated 2021-12-08 13:20:19-05

CORPUS CHRISTI, Texas — The Texas Windstorm Insurance Association has voted against reversing a planned 5% rate increase.

The rate increase is set to begin January 1, 2021. Some Texas lawmakers had written to the board to request they stop the planned increase ahead of new legislation that would require approval from lawmakers.

The TWIA board voted 5 to 3 to leave the rate increase in place.