TWIA may be forced to up reinsurance purchases by $1bn in 2024

The Texas state insurer of last resort, the Texas Windstorm Insurance Association (TWIA), may be forced to increase its reinsurance purchases by as much as $1 billion for its 2024 renewals following a sharp rise in exposures.

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TWIA may be forced to up reinsurance purchases by $1bn in 2024

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