The Texas Windstorm Insurance Association (TWIA) provides windstorm and hail coverage in the 14 coastal counties and a few other specially-designated areas. All property insurers in Texas must participate in TWIA and must help pay losses. Although TWIA was intended to provide windstorm insurance coverage only to those who could not purchase insurance in the voluntary market, it is no longer an insurer of last resort.
Winter is Coming, and We’re Losing Reliable Power
The temperatures are dropping in Texas—and so is our ability to rely on wind and solar. A power plant closure in East Texas could make things worse. Fresh off a grid-straining summer, the Electric Reliability Council of Texas (ERCOT) is preparing for potential energy emergencies this winter with an expensive plan to secure additional power...