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12 February 2024Reinsurance

TWIA might need 66% hike in limit in 2024; RMS model change in focus

Texas' insurer of last resort, the Texas Windstorm Insurance Association (TWIA), may need a 66% increase in limit for its pending reinsurance program should it structure its PML estimate as it did for 2023, data being prepared ahead of the 2024 renewal decision indicates.

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