Texas Department of Insurance News

Texas Extends Reporting Period for Workers’ Comp Non-Subscriber Status

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced a grace period for employers without workers’ compensation insurance coverage or that terminated their coverage (non-subscribers) to report their non-coverage status to DWC without penalty. This grace period also …

Dozens of Dangerous Texas Chemical Plants Operate near Public Centers: Report

Dozens of Texas plants similar to a fertilizer facility that exploded in the town of West in 2013, one of Texas’ worst industrial accidents, are still operating near schools, hospitals and residential neighborhoods, federal regulators say. A report released by …

Workers’ Comp Maintenance Tax Reduced in Texas

Texas Workers’ Compensation Commissioner Ryan Brannan is lowering the maintenance tax rate paid on premiums collected by workers’ compensation insurance carriers for the third straight year, the Texas Department of Insurance announced. The tax rate for premiums collected in 2015 …

TWIA Files for Changes to Dwelling and Commercial Policies

The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to the list of items in the “Property Not Covered” …

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 Repeals Retrospective Workers’ Comp Rating Plan Manual

The Texas Department of Insurance has issued an order to repeal the rules, factors, values, endorsements, and forms in the Texas Retrospective Rating Plan Manual (Texas Retro Plan) for new and renewal workers’ compensation policies written on a retrospectively rated basis …

TDI Actuarial Director Receives Top Award from National Insurance Commissioners Group

Texas Department of Insurance reported that Actuarial Director Mike Boerner is this year’s recipient of the Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). As chair of an NAIC …

Waitt Retiring as TDI General Counsel; Garcia, Strickland to Lead Legal Division

Sara Waitt, general counsel at the Texas Department of Insurance, is retiring in December after 24 years with the agency. TDI Chief Clerk Norma Garcia has been named at the agency’s new general counsel and Associate Commissioner Stan Strickland becomes …

Deadline for Applying to Texas FAIR Plan Assoc. Governing Committee Extended

The Texas Department of Insurance has extended a deadline to apply to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through …

Texas Sets Work Comp Discount, Interest Rate at 3.96%

The Texas Department of Insurance, Division of Workers’ Compensation has set the workers’ comp interest/discount rate for the fourth quarter of 2015 at 3.96 percent. This rate is computed by using the treasury constant maturity rate for one-year treasury bills …