TWIA would need to buy $900mn+ more 2023 limit at 1:100 PML recommendation
The Texas Windstorm Insurance Association (TWIA) board will consider an actuarial and underwriting committee recommendation to set the residual insurer’s 1:100 probable maximum loss (PML) at $5.244bn for the 2023 storm season, a level that could require it to buy around $928mn more cat limit.
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