Texas News

Farmers Insurance Expects $75M in Claims from Midwest Storms

A system of severe weather moving through multiple Midwest states in early April brought tornadoes, hail, severe winds and flooding in Illinois, Kansas, Missouri and Texas. Farmers Insurance estimates that its expected claims volume from these states will total approximately …

Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction

A Fort Worth man faces ten years in federal prison following a conviction for insurance fraud, the Insurance Department of Texas reported. Caleb Deason, an insurance agent for Transamerica Life Insurance Co., was convicted on charges of wire fraud and …

Industry Pushing Back in Texas Against Fertilizer Plant Safety Requirements

The state fire marshal wants 46 facilities that store ammonium nitrate in Texas to make safety improvements following the deadly West fertilizer plant explosion last year. State Fire Marshal Chris Connealy proposed new building requirements ahead of the anniversary of …

Multiple Twisters Hit South Central States, Cause Minor Damage

Tornadoes that hit the South Central states of Arkansas, Oklahoma and Texas over the past weekend caused minimal damage but with them Oklahoma saw the end of its eight-month twister-less streak. Surveys by National Weather Service teams  determined that damaging …

Specialty Insurance Managers Launches High Value Homeowners Program

Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans to expand into additional territories. The MGA …

Texas Jury Awards $4.6M in Suit Over Fatal Crash

A jury has awarded a West Texas family $4.6 million in a lawsuit it had filed against three trucking companies related to a 2010 crash that killed two men. The El Paso Times reports the jury found the companies were …

Family of Texas ‘Affluenza’ Teen to Pay Only Fraction of Rehab Fee

The family of a Texas teenager sentenced to probation after killing four people in a drunken-driving wreck will pay for just a fraction of his court-ordered treatment, a court official testified. Ethan Couch’s parents will be charged $1,170 a month …

Austin Cracking Down on Drunk-Driving Police Officers, Staff

Officers and support staff who drive drunk face dismissal in a stricter DWI policy applying to those who enforce the law, Austin, Texas, police Chief Art Acevedo said. Acevedo announced the updated policy to the department’s 2,300 sworn law enforcement …

Texas Regulators OK Formation, Redomestication of Captive Insurers

The Texas Department of Insurance (TDI) announced the formation of a new captive insurer and the redomestication of two other captive entities have been approved under new rules adopted to implement Senate Bill (SB) 734. The legislation authored by Sen. …

Otis Appointed CEO of Texas-Based National Lloyds Corp.

Waco, Texas-based National Lloyds Corp., an insurance holding company and wholly owned subsidiary of Hilltop Holdings Inc., hired industry veteran Robert Otis as chief executive officer effective April 1, 2014. Otis joins National Lloyds Corp. from Allstate Insurance where he …