Thousands of Cameron County second-home owners could be forced to find windstorm insurance elsewhere under a proposal being considered by Texas’ state-backed insurer of last resort.
The Texas Windstorm Insurance Association, or TWIA, currently provides windstorm coverage for 3,964 second homes in Cameron County, the fifth-highest number among the coastal counties it serves. Another 187 are covered in neighboring Willacy County.
Now, TWIA is considering asking state lawmakers to restrict its residential coverage to owner-occupied primary homes, which would make second homes ineligible. The proposal is scheduled for discussion Sept. 1 as the association develops recommendations for the Texas Legislature.
The financial incentive is significant.
5,000+ business leaders across the Valley start their day with us.
Join them free!
RGV Business Journal is the only newsroom dedicated exclusively to the business and economic forces driving South Texas and the border economy.
Our subscribers get:
Try it free for 30 days.
Start My Free Trial$9.95/month after trial. Cancel anytime.
RGV Business Journal Staff
Staff
Most Read
- SpaceX is giving Brownsville $220M for water projects. In exchange, the city gave up zoning control of 444 acres near Starbase
- Port of Brownsville could soon host Nodule City, a first-of-its-kind commercial deep-sea mining hub
- South Padre Island developer mulls new hotel or multifamily project, secures zoning for both
- SpaceX seeks to take zoning control over nearly 450 acres from city of Brownsville as a ‘regional’ water deal takes shape
- The Valley landed the projects. Now it has to power them — and the others that are following
Get the latest business news delivered to your inbox every morning for free.
Try 30 Days Free!
Get full access to award-winning journalism covering business, real estate, health care, economic trends, and the people shaping the Rio Grande Valley.
30 Days Free!
$9.95/month
Limited time offer
Subscription renews after your 30 day free trial at $9.95/mo.
Included Benefits
- Unlimited access to all articles
- Daily business news and analysis
- Subscriber-only content and features
Stories That Matter
- Texas Venture Fest returns to Brownsville, connecting Valley entrepreneurs with statewide startup network
- Texas businesses can get up to $500,000 to train existing workers under state program
- Texas approved just four new cultural districts. Two are in the Rio Grande Valley
- The McAllen-Hidalgo International Bridge is getting nearly $2M in upgrades
- Pharr launches new forum focused on cross-border trade, logistics and investment
- Mission’s first Small Business Expo puts $25K on the line for local entrepreneurs
- Reynosa’s newest technical high school focuses on AI, semiconductors and bionics
- McCoy’s gives $10K, tools to launch Mid-Valley construction academy
- UT Health RGV performs new digestive procedure for first time in the Valley
- TSTC bets on advanced manufacturing to meet RGV’s industrial boom
