Twia expects reinsurance costs to rise amid hard market conditions
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Twia expects reinsurance costs to rise amid hard market conditions

Jai Singh
01 November 2023
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The Texas Windstorm Insurance Association (Twia) said it expects reinsurance costs to continue to rise amid increased exposure and the ongoing hard reinsurance market at a meeting of the Twia's board members.

The Texas state carrier’s draft 2024 budget for the board’s consideration had increased net operating expenses to $40.2mn, as compared to $35.2mn

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