TWIA Board of Directors Meeting
Attend the TWIA Board of Directors Meeting in Corpus Christi to let TWIA know we will not stand for a rate hike. This meeting is open to the public.
United Corpus Christi Chamber of Commerce Statement on the most recent TWIA Actuarial Committee Meeting (occurred on 11/19/2019):
United Corpus Christi Chamber of Commerce Statement on the most recent TWIA Actuarial Committee Meeting (occurred on 11/19/2019):
We are disappointed in the unnecessary, yet predictable recommendation handed down this week by the TWIA Actuarial and Underwriting Committee. The committee’s recommendation for a 5 percent rate hike, made via teleconference, was clearly not made in good faith. Not a single member of the committee was willing to vote in person, while many individuals from our Gulf Coast community made the over three-hour trip to Austin to address the committee in public comment. More importantly, no justification was made for the 5 percent increase and many of the committee members concerns remain unaddressed.
TWIA continues to push for an unjustifiable rate increase before the State Legislature has had a chance to act on the reforms made in the last session.
The vote is a recommendation by the Actuarial and Underwriting Committee. For a rate hike to go into effect, it must be approved by the full TWIA Board of Directors. The next opportunity for TWIA to approve a rate hike will be during their December 10th Board of Directors meeting in Corpus Christi. That meeting is scheduled to begin at 8:30 a.m. at the Omni Hotel and is open to the public. We encourage the entire Coastal Community to attend. The TWIA Board of Directors currently has two vacancies, one for a first-tier coastal representative and one for a non-seacoast territory representative. It is unprecedented for the board to move forward with a rate increase while policyholders are not fully represented.
Please mark your calendars for the December 10 meeting. We need a strong turn out to let TWIA know we will not stand for a rate hike.
TWIA Board of Directors Meeting
Date and Time
Tuesday Dec 10, 2019
8:30 AM - 10:00 AM CST
Tuesday, December 10, 2019
8:30 a.m.
Location
Omni Hotel
900 N Shoreline Blvd
Corpus Christi, TX 78401
Contact Information
https://www.twia.org/about-us/#board-meetings
Printed courtesy of www.unitedcorpuschristi.org – Contact the United Corpus Christi Chamber of Commerce for more information.
602 N. Staples Street, Ste. 150, Corpus Christi, TX 78401 – (361) 881-1800 – info@unitedcorpuschristi.org