Rates won’t increase for 2023 Texas Windstorm Insurance Association (TWIA) windstorm policies, the association’s board of directors decided today (Tuesday, Aug. 2).
The board reportedly voted 8-1 not to hike rates.
State legislators from Texas’ coastal counties had opposed the idea of raising rates.
The coastal legislative delegation wrote a letter to Chandra Franklin-Womack, chairman of the TWIA Board of Directors on Thursday, July 28.
The letter was signed by 24 legislators.
The TWIA board met at the Moody Gardens Hotel in Galveston.