Twia reinsurance requirements halved to 1 in 50 years
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Twia reinsurance requirements halved to 1 in 50 years

The Texas insurer of last resort previously had to have funding for a 1-in-100 year storm.

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The Texas Windstorm Insurance Association (Twia) is to adjust the cat bonds it has on risk currently, after the Texas state legislature passed a bill that includes measures replacing its debt programme with a lower-interest state loan.

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