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.
Energy & Environment
Chuck DeVore Testimony | U.S. House of Representatives Committee on Oversight and Accountability; Economic Growth, Energy Policy, and Regulatory Affairs Subcommittee
The COVID-triggered recession of 2020 lasted two months, starting in February and ending in March, with the federal government spending trillions of dollars to stimulate the economy in the wake of a global pandemic. After losing almost 22 million jobs in two months due to government-imposed lockdowns, the economy recovered 12.5 million jobs—57% of the...
October 11, 2024