insurance council of texas News

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 …

Texas Insurance Group Says to Lock, Take, Hide on Black Friday

The Insurance Council of Texas is warning shoppers about possible vehicle break-ins on the Black Friday shopping holiday. Criminals will be intent on burglarizing vehicles that may have been left unlocked or simply have phones, I pads, gifts, and other …

Weather-Related Property Claims Mount in Texas

Severe weather in all regions of the state this year has resulted in high numbers of insurance claims from property and auto losses in Texas, according to an insurance company trade group. The Insurance Council of Texas reported that paid …

Texas Leads States in Deaths from Deer Collisions

For the majority of hunters November is the start of deer hunting season in Texas and the Insurance Council of Texas (ICT) wants to remind drivers to be careful to avoid collisions with deer. Tragically, more than 100 people are …

Hurricane Danny Dies, but Peak Hurricane Season Looms

Although what was once Hurricane Danny has degenerated into a “trough of low pressure” in the eastern Caribbean, according to the Nation Hurricane Center, a new disturbance in the middle of the Atlantic has a 90 percent probability of becoming …