insurance council of texas News

Insurance Professionals, Meteorologists to Kick Off ‘Hurricane Tour’

Texas insurance experts and meteorologists will be touring the Texas coast to inform the public about hurricane awareness and new legislation aimed at mitigating storm damage and related insurance costs. The Insurance Council of Texas (ICT) will lead the team …

2016 Texas Hail Losses Exceed $5B

Wind and hail loss information for 2016 released recently by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion, the Insurance Council of …

Parts of West Texas Hit with Grapefruit Size Hail

Wind gusts of up to 72 miles per hour and hail as large as grapefruit struck the Midland/Odessa, Texas-area on June 14, damaging roofs and shattering automobile windshields, the Insurance Council of Texas reported. Insurance company catastrophe teams report a …

Texas Insurance Council Symposium to Address Cyber Threats

The Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas’ Annual Mid-Year Symposium will feature a panel discussion on cybersecurity, the growing cyber market for insurers, and the threats associated with doing business in the …

Texas a Leader in Fatal Crashes, Alcohol-Impaired Driving

Texas highways continue to be a deadly form of travel as traffic crashes involving injuries and fatalities continue to rise. Last year, 3,390 traffic crashes resulted in 3,757 fatalities and 175,347 traffic crashes resulted in 263,536 people injures, the Insurance …

Texas Hail Losses Set Record in 2016

In 2016, Texas suffered through another costly year of weather related losses for homeowners and autos. Looking only at loss information through the end of September, it has been a year of record losses for hailstorms. The months of March …

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 …

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 …