Texas News

Comprehensive Rating Platform Leads to MGA Successes

Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their TARGET Rater platform. CEO Kelly …

Google Tests Driverless Cars in Texas City

Google Inc. has selected Texas as the latest testing site for its self-driving car project, the company announced Tuesday. A modified Lexus SUV has already been seen on Austin roads, with safety drivers on board, according to the Austin American-Statesman. …

Texas Court Approves $84.4M Settlement in Farmers Case

A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …

Redpoint Insurance Acquires Texas’ Safeway County Mutual

Redpoint Insurance Group LLC has acquired Safeway County Mutual Insurance Co. in Dallas, Texas. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Co. Redpoint County Mutual will specialize …

Web Services Turns Hit Ratios Upside Down for Surplus Lines MGA.

Dallas, TX, June 30 2015–To use a baseball metaphor, Texas All Risk General Agency (TAR) is batting .725 with Atlantic Casualty Insurance Company at the mid-year point. According to TAR VP David Day, “With the All Star Game approaching our …

Farmers Expects $80 Million in Claims from May Storms

Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more than 9,000 claims already filed across multiple states for Farmers Insurance. Farmers expects to see nearly 15,000 claims across nine …

ICW Group Appoints Douglas to Lead Texas Market

San Diego, Calif.-based ICW Group Insurance Cos. has named Gina Douglas branch manager in Texas. Based in Austin, she will oversee business development, agent outreach and workers’ compensation underwriting in the state. ICW Group began actively writing workers’ compensation business …

Maldonado Joins All Risks in Dallas

Independent insurance wholesaler All Risks Ltd., the nation’s largest, added Thomas Maldonado in its Dallas office as a senior underwriter for national specialty programs. Maldonado will assist All Risks business partners in placing REO and lender placed risks for residential …

Confie Acquires Colyer Insurance in San Antonio

National personal lines insurance specialist, Confie, has acquired Colyer Insurance Agency Inc. of San Antonio, Texas. Colyer Insurance has been part of the San Antonio community for over 35 years providing personal lines. Based in California, Confie has acquired and …

Marsh Acquires Texas-Based MHBT

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Dallas, Texas-based MHBT Inc., one of the nation’s largest independent insurance brokers. Terms of the transaction were not disclosed. With roots dating back nearly 100 years, MHBT …