insurance council of texas News

Insurance Council: Texas Leads Nation in Vehicle/Animal Collisions

Texas has twice as many motorists killed in vehicles colliding with wild animals than any other state, the Insurance Council of Texas (ICT) reports. According to the Insurance Institute for Highway Safety (IIHS), more than 5,000 vehicle/animal crashes occur annually …

Texas Insured Property Losses Setting Record in 2016

Damaging hail storms and wide-spread flooding have caused record setting losses for both homes and automobiles this year in Texas, according to a state insurance trade group. This year’s insured losses for the first two quarters already surpass every year’s …

ICT Honors Lawson Posthumously with Raymond Mauk Award

The Insurance Council of Texas (ICT) posthumously honored Ron Lawson, former vice president at the Republic Group in Dallas, with the Raymond Mauk Leadership Award during the group’s 24th Annual ICT Mid-Year Property and Casualty Symposium in Austin. Lawson passed last …

Texas Insurers Hope Court Decisions Will Curtail Hail-Related Lawsuits

Following a severe hailstorm in south Texas in 2012, insurers were beset with homeowner property lawsuits — sometimes after claims were paid and repairs were completed — even though data from the Texas Department of Insurance show few complaints were …

Texas Insurer Group Awards Scholarships to 27 Students

The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $32,000 in academic scholarships to 27 insurance and risk management students at six Texas universities. The students attend Huston-Tillotson University, Texas Southern University, the University of Texas …

Distracted Driving a Problem as Crashes Increase on Texas Roads

In 2015, the number of vehicle crashes in Texas involving both injuries and fatalities continued an unfortunate trend of increases over past years, an insurer trade group reported. The Insurance Council of Texas says distracted driving is the cause of …

Update: With Property Claims Added, North Texas Hail Damage May Reach $600M

An insurer trade group says it estimates that damage caused by hailstorms that rolled through the Fort Worth area last week will reach $600 million in auto and property claims. Mark Hanna, a spokesman for the Insurance Council of Texas, …

Insurance Council: Ford Truck #1 Target for Auto Thieves in Texas

The Ford pick-up truck is stolen more often than any other vehicle on the roadway in Texas, according to the Insurance Council of Texas. The monthly report from the Texas Department of Public Safety (DPS) lists Ford trucks, GM trucks …

Dallas-Area Tornadoes Account for a Big Chunk of December Insured Losses in U.S.

A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap report, …

Insured Loss Estimate from Texas Tornadoes at $1.2B, So Far

Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group based …