Underwriting
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Uncategorized
Denton, TX 76201
Recent News About Underwriting
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AUSTIN - The Texas Windstorm Insurance Association's Actuarial & Underwriting Committee met on Jan. 11 and voted to recommend the TWIA Board establish $5.244 billion as the Association’s 1:100 probable maximum loss (PML) for the 2023 storm season, a press release states.
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“Lawfare is an ugly tool by which to seek the environmental policy changes the California Parties desire, enlisting the judiciary to do the work that the other two branches of government cannot or will not do to persuade their constituents that anthropogenic climate change (a) has been conclusively proved and (b) must be remedied by crippling the energy industry.”
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AUSTIN - While California municipalities bringing climate change lawsuits argue Texas courts lack jurisdiction over litigation brought by ExxonMobil, one group is arguing that their suits are “actually part of a coordinated, nationwide campaign targeting Texas businesses.”
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The return of nuclear verdicts to Texas courts (and attorney television advertising) and the recently launched efforts of the medical malpractice plaintiff’s bar to convince the federal courts to strike down Texas’ cap on noneconomic damages in medical liability cases (which is likely to play out over several years) could potentially raise an issue for state lawmakers: is it time to consider codifying at least some objective standards and levels of proof for mental anguish damages?
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AUSTIN - The Texas Windstorm Insurance Association Board of Directors met Dec. 7 and declined to reverse the 5 percent rate increase on windstorm insurance policies scheduled to take effect on Jan. 1, a press release states.
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Insurers and the Blockchain: Embracing the Role of Insurance Coverage in the Cryptocurrency Space.
