TWIA committee recommends additional $1bn reinsurance buy for 2023
If the new PML is adopted it would mean the TWIA’s reinsurance buy for 2023 would rise to $2.96bn from $2.04bn a year ago, while its recommended retention would rise to $2.28bn from $2.2bn last year
State’s coastal wind and hail insurer of last resort establish should set one-in-100-year PML at $5.24bn, staff committee recommends