• Stephanie K. Jones
• 29 May, 2020

The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the Texas Windstorm Insurance Association’s board on May 12, TWIA Chief Financial Officer Jerry Fadden said the association would meet that goal via a combination of catastrophe bonds and traditional reinsurance, earnings, funds in TWIA’s Catastrophe Reserve Trust Fund (CRTF),
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