Texas Department of Insurance News

Applicants Sought for Boards of Texas FAIR Plan, Windstorm Association

The Texas Department of Insurance is looking for people 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 the private …

Texas Raises Interest, Discount Rate for Workers’ Comp

The Texas Department of Insurance, Division of Workers’ Compensation reports that the workers’ comp discount rate and interest rate for April 1 to June 30, 2017, will be 4.50 percent. The rate is computed by using the federal treasury constant …

Texas Re-Certifies 7 Companies to Self-Insure for Workers’ Comp Claims

The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) re-certified seven employers to self-insure workers’ compensation claims. Together, the companies employ about 30,000 people in Texas. DWC renewed: Bradford Holding Company Inc. Textron Inc. Weyerhaeuser Company Jacobs Engineering Group …

Regulators: Texas Workers’ Comp Attorney Fees Go Up Jan. 30

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) reported that the maximum hourly rates that may be charged by attorneys and legal assistants in the workers’ compensation system will increase effective Jan. 30, 2017. As of Jan. 30, …

Nored Named to Head Legal Division at Texas Insurance Department

Texas Insurance Commissioner David Mattax has selected Michael Nored to head the Legal Division at the Texas Department of Insurance. Nored replaces Stan Strickland, a 21-year veteran of the agency who is leaving at the end of the month to …

Texas Sets Workers’ Comp Discount, Interest Rate for Q1 2017

For the first quarter of 2017, the Texas Department of Insurance, Division of Workers’ Compensation has set at 4.41 percent any interest or discount provided for in the state’s workers’ comp statutes. The new rate is effective Jan. 1 through …

Texas Issues Mandatory Data Call to Property/Casualty Insurers

The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire and allied lines, commercial multiple peril, general liability, boiler and machinery, commercial …

Medical Care Readily Accessible for Injured Employees in Texas, Study Shows

Access to medical care for injured workers has greatly improved in Texas over the past 15 years, a study commissioned by the Texas Department of Insurance shows. A September 2016 study by TDI’s Research and Evaluation Group (REG) found that …

Applicants Sought for Texas Medical Liability Insurance Underwriting Assoc. Board

The Texas Department of Insurance is accepting applications through November 30 for a public member position on the Texas Medical Liability Insurance Underwriting Association board of directors. The appointment term is for one year. The association is a self-supporting entity …

Texas Health Clinic Owner Sentenced for Workers’ Comp, Insurance Fraud

The owner of a Houston health clinic pled guilty to insurance fraud after billing for medical services – often provided to injured employees – despite having no licensed medical staff at the clinic, the Texas Department of Insurance reported. Instead, …