BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20191210T143000Z DTEND:20191210T160000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:TWIA Board of Directors Meeting DESCRIPTION:Attend the TWIA Board of Directors Meeting in Corpus Christi to let TWIA know we will not stand for a rate hike. This meeting is open to the public.\n\n\n\nUnited Corpus Christi Chamber of Commerce Statement on the most recent TWIA Actuarial Committee Meeting (occurred on 11/19/2019):\n\n \n\nWe are disappointed in the unnecessary\, yet predictable recommendation handed down this week by the TWIA Actuarial and Underwriting Committee. The committee's recommendation for a 5 percent rate hike\, made via teleconference\, was clearly not made in good faith. Not a single member of the committee was willing to vote in person\, while many individuals from our Gulf Coast community made the over three-hour trip to Austin to address the committee in public comment. More importantly\, no justification was made for the 5 percent increase and many of the committee members concerns remain unaddressed.\n\n \n\nTWIA continues to push for an unjustifiable rate increase before the State Legislature has had a chance to act on the reforms made in the last session.\n\n \n\nThe vote is a recommendation by the Actuarial and Underwriting Committee. For a rate hike to go into effect\, it must be approved by the full TWIA Board of Directors. The next opportunity for TWIA to approve a rate hike will be during their December 10th Board of Directors meeting in Corpus Christi. That meeting is scheduled to begin at 8:30 a.m. at the Omni Hotel and is open to the public. We encourage the entire Coastal Community to attend. The TWIA Board of Directors currently has two vacancies\, one for a first-tier coastal representative and one for a non-seacoast territory representative. It is unprecedented for the board to move forward with a rate increase while policyholders are not fully represented. \n\n \n\nPlease mark your calendars for the December 10 meeting. We need a strong turn out to let TWIA know we will not stand for a rate hike. X-ALT-DESC;FMTTYPE=text/html:
Attend the TWIA Board of Directors Meeting in Corpus Christi to let TWIA know we will not stand for a rate hike. This meeting is open to the public.
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\nUnited Corpus Christi Chamber of Commerce Statement on the most recent TWIA Actuarial Committee Meeting (occurred on 11/19/2019):
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We are disappointed in the unnecessary\, yet predictable recommendation handed down this week by the TWIA Actuarial and Underwriting Committee. The committee&rsquo\;s recommendation for a 5 percent rate hike\, made via teleconference\, was clearly not made in good faith. Not a single member of the committee was willing to vote in person\, while many individuals from our Gulf Coast community made the over three-hour trip to Austin to address the committee in public comment. More importantly\, no justification was made for the 5 percent increase and many of the committee members concerns remain unaddressed.
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TWIA continues to push for an unjustifiable rate increase before the State Legislature has had a chance to act on the reforms made in the last session.
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The vote is a \;recommendation \;by the Actuarial and Underwriting Committee. For a rate hike to go into effect\, it must be approved by the full TWIA Board of Directors. The next opportunity for TWIA to approve a rate hike will be during their December 10th \;Board of Directors meeting in Corpus Christi. \;That meeting is scheduled to begin at 8:30 a.m. at the Omni Hotel and is open to the public. \;We encourage the entire Coastal Community to attend. \;The TWIA Board of Directors currently has two vacancies\, one for a first-tier coastal representative and one for a non-seacoast territory representative. \;It is unprecedented for the board to move forward with a rate increase while policyholders are not fully represented. \; \;
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Please mark your calendars for the December 10 meeting. \;We need a strong turn out to let TWIA know we will not stand for a rate hike.
\n LOCATION:Omni Hotel 900 N Shoreline Blvd Corpus Christi\, TX 78401 UID:e.1866.26206 SEQUENCE:3 DTSTAMP:20260603T030851Z URL:https://chamber.unitedcorpuschristi.org/events/details/twia-board-of-directors-meeting-26206 END:VEVENT END:VCALENDAR