TWIA board to consider request to reverse rate hike

TWIA board to consider request to reverse rate hike

The Board of Directors of the Texas Windstorm Insurance Association will meet Dec. 7 and will consider a request by coastal legislators that the board would reverse its August 2021 rate decision for a five percent rate hike for residential and commercial policies in its re-quired annual filing with the Texas Department of Insurance (TDI).

“I am disappointed with the TWIA board members. Five board members just voted in favor of hurting the local economy and our families here in Matagorda County. I want to thank the 3 members of the TWIA board that stood up to the rate increase. It will be a sad day Jan. 1, 2022, when we once again force people to live in another county so they can afford to provide for their family. I just hope those 5 TWIA board members understand that the actions today hurt our friends and neighbors,” said Bay City Chamber of Commerce and Agriculture President Mitch Thames.

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