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TWIA to Determine Probable Maximum Loss for 2023 Storm Funding

January 19, 2023

The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season.

TWIA is statutorily required to purchase enough reinsurance to meet the 1:100 year PML. Last week TWIA’s actuarial and underwriting committee recommended the board establish $5.244 billion as the association‘s 1:100 PML for the upcoming storm season, up from $4.236 billion in 2022.

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