TWIA’s Actuarial & Underwriting Committee met Monday, July 18 and recommended that the TWIA Board of Directors vote to make a rate filing with no change in residential or commercial rates when it meets on August 2.

The recommendation came after the Committee reviewed the 2022 Rate Adequacy Analysis prepared by the Association’s actuarial staff. The Analysis finds that TWIA rates are inadequate by 15% for residential and 11% for commercial coverage. The Committee also heard public comments from stakeholders, including elected officials and other coastal community members.

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