TWIA Says That 451 Comments Were Lodged During Public Comment Phase Ahead Of Controversial Committee Meeting
In a statement released on Tuesday The Texas Windstorm Insurance Association announced that it received 451 public comments on rates and the Association’s rate adequacy analysis via e-mail ahead of the October 17 meeting of its Actuarial & Underwriting Committee.
TWIA went the extra mile in the statement to remind coastal Texas residents that is not required to accept public comments related to advisory committee meetings and insinuated that by doing so, Association was simply acting as a courtesy to stakeholders.
The beleaguered organization allowed public comments via e-mail at PublicComment@twia.org from October 4 through noon on October 14. They claim that the comments will now be compiled and shared with Committee members to review before the October 17 meeting which will be held via conference call—not a physical meeting.
The Committee will meet for review and possible development of recommendations to the Association’s Board of Directors concerning rate filings as permitted by law, rate adequacy issues, and strategies. No action on a rate filing can be taken at this meeting—except that they will make their recommendation to the Board.
If you still have comments and we’re not able to leave an email or make a phone call, you still have a way to let the committee know how you feel. The public will be able to provide public comment to the Committee by coming in person to TWIA’s offices in Austin at the time of the conference call, 1:30 pm. The Committee has set aside a period for in-person public comment on the meeting agenda.