Insurance Journal » Texas http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 18 Apr 2014 01:58:11 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Farmers Insurance Expects $75M in Claims from Midwest Storms http://www.insurancejournal.com/news/midwest/2014/04/17/326789.htm Fri, 18 Apr 2014 00:22:54 +0000 http://www.insurancejournal.com/?p=326789 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 …

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Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction http://www.insurancejournal.com/news/southcentral/2014/04/17/326766.htm Thu, 17 Apr 2014 19:26:21 +0000 http://www.insurancejournal.com/?p=326766 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 …

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Industry Pushing Back in Texas Against Fertilizer Plant Safety Requirements http://www.insurancejournal.com/news/southcentral/2014/04/17/326749.htm Thu, 17 Apr 2014 16:36:54 +0000 http://www.insurancejournal.com/?p=326749 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 …

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Multiple Twisters Hit South Central States, Cause Minor Damage http://www.insurancejournal.com/news/southcentral/2014/04/16/326500.htm Wed, 16 Apr 2014 16:20:07 +0000 http://www.insurancejournal.com/?p=326500 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 …

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Specialty Insurance Managers Launches High Value Homeowners Program http://www.insurancejournal.com/news/southcentral/2014/04/14/326225.htm Mon, 14 Apr 2014 15:55:05 +0000 http://www.insurancejournal.com/?p=326225 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 …

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Texas Jury Awards $4.6M in Suit Over Fatal Crash http://www.insurancejournal.com/news/southcentral/2014/04/14/326217.htm Mon, 14 Apr 2014 15:46:30 +0000 http://www.insurancejournal.com/?p=326217 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 …

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Family of Texas ‘Affluenza’ Teen to Pay Only Fraction of Rehab Fee http://www.insurancejournal.com/news/southcentral/2014/04/14/326215.htm Mon, 14 Apr 2014 15:45:26 +0000 http://www.insurancejournal.com/?p=326215 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 …

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Austin Cracking Down on Drunk-Driving Police Officers, Staff http://www.insurancejournal.com/news/southcentral/2014/04/11/326090.htm Fri, 11 Apr 2014 15:55:07 +0000 http://www.insurancejournal.com/?p=326090 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 …

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Texas Regulators OK Formation, Redomestication of Captive Insurers http://www.insurancejournal.com/news/southcentral/2014/04/10/325994.htm Thu, 10 Apr 2014 16:46:59 +0000 http://www.insurancejournal.com/?p=325994 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. …

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Otis Appointed CEO of Texas-Based National Lloyds Corp. http://www.insurancejournal.com/news/southcentral/2014/04/10/325972.htm Thu, 10 Apr 2014 16:07:15 +0000 http://www.insurancejournal.com/?p=325972 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 …

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Police Seek Suspects in Rash of Vehicle Fires in Fort Worth http://www.insurancejournal.com/news/southcentral/2014/04/09/325889.htm Wed, 09 Apr 2014 16:21:07 +0000 http://www.insurancejournal.com/?p=325889 At least nine vehicles have been set on fire in a North Texas neighborhood and police are seeking clues to those responsible for the fiery vandalism. Fort Worth police on April 7 announced the search for suspects in the weekend …

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Judge Orders 8 Year Sentence for Arson at San Antonio Denny’s http://www.insurancejournal.com/news/southcentral/2014/04/09/325884.htm Wed, 09 Apr 2014 16:18:06 +0000 http://www.insurancejournal.com/?p=325884 A man who complained about alleged slow service at a Denny’s in South Texas must serve eight years in prison for starting the restaurant’s Christmas tree on fire. The San Antonio Express-News reports a judge sentenced 25-year-old Christopher Maddocks in …

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Fabors Named President of Texas-Based RISC http://www.insurancejournal.com/news/southcentral/2014/04/08/325780.htm Tue, 08 Apr 2014 16:28:43 +0000 http://www.insurancejournal.com/?p=325780 Dallas, Texas – based RISC announced that Shawn O. Fabors was named president of the company upon the retirement of William D. Staub, Jr. The transition was effective Apr. 1, 2014. Staub joined RISC as president in January 2003 after …

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Flooded Austin, Texas Homes to Be Demolished http://www.insurancejournal.com/news/southcentral/2014/04/07/325683.htm Mon, 07 Apr 2014 16:44:43 +0000 http://www.insurancejournal.com/?p=325683 Demolition has begun on some Central Texas homes left unlivable after flooding during deadly fall storms. The Austin American-Statesman reported that crews are concentrating on Onion Creek neighborhoods. Late October and early November flooding caused more than an estimated $100 …

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Large Hail, Tornadoes Pound Denton, Texas Area http://www.insurancejournal.com/news/southcentral/2014/04/04/325485.htm Fri, 04 Apr 2014 16:10:27 +0000 http://www.insurancejournal.com/?p=325485 An outbreak of severe thunderstorms north of Dallas, Texas, on Apr. 4  produced hurricane force winds, tornadoes and hail reported to be as large as grapefruits. Several communities are reporting extensive damage. Severe storms first hit Denton around 4 p.m. …

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The Leavitt Group Opens New Office in Houston http://www.insurancejournal.com/news/southcentral/2014/04/03/325400.htm Thu, 03 Apr 2014 16:33:22 +0000 http://www.insurancejournal.com/?p=325400 The Leavitt Group has opened a new office, Risk Services – Leavitt Insurance Agencies, in Houston. The agency will be co-managed/owned by Vladimir Chemadurov and Rob Eppers. In the South Central region, Utah-based Leavitt Group also has existing offices in …

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Hilltop Holdings Inc. to Acquire SWS Group http://www.insurancejournal.com/news/southcentral/2014/04/02/325337.htm Wed, 02 Apr 2014 23:50:31 +0000 http://www.insurancejournal.com/?p=325337 Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …

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Innocent Joins LevelFirst in Dallas as Associate Underwriter http://www.insurancejournal.com/news/southcentral/2014/03/28/324722.htm Fri, 28 Mar 2014 16:48:41 +0000 http://www.insurancejournal.com/?p=324722 LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas announced that Kate Innocent has joined the firm as an associate underwriter. Innocent brings over 10 years of insurance experience and holds the CIC and CLCS designations. Her …

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Farmers Insurance Looks to Add 200-Plus Agency Owners in Texas http://www.insurancejournal.com/news/southcentral/2014/03/27/324622.htm Thu, 27 Mar 2014 16:40:37 +0000 http://www.insurancejournal.com/?p=324622 Property/casualty multiline insurer, Farmers Insurance, plans to add 244 agency owners throughout Texas in the coming year. Farmers announced it is offering special incentives to military veterans, reservists and bilingual candidates who can tap the state’s increasingly multicultural consumer markets. …

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New Benefits Adds Latkowski in Dallas http://www.insurancejournal.com/news/southcentral/2014/03/27/324612.htm Thu, 27 Mar 2014 16:38:35 +0000 http://www.insurancejournal.com/?p=324612 New Benefits, a Dallas-based provider of employee benefits and services, announced that Brian Latkowski joined the company as executive vice president, employee benefits practice leader. Latkowski has more than 20 years of experience in the insurance industry. Most recently, he was …

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Texas Insurance Agent Sentenced to 4 Years for Premium Theft http://www.insurancejournal.com/news/southcentral/2014/03/26/324492.htm Wed, 26 Mar 2014 16:36:46 +0000 http://www.insurancejournal.com/?p=324492 A Houston-area insurance agent whose company included the word “integrity” in its name has been sentenced to four years in prison for stealing from about 40 clients. A judge in Galveston sentenced Christopher Vernon Murphy in a plea agreement and …

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Injured Worker Cost Per Claim Rises in Texas http://www.insurancejournal.com/news/southcentral/2014/03/25/324375.htm Tue, 25 Mar 2014 16:32:28 +0000 http://www.insurancejournal.com/?p=324375 Payments per claim for the medical care of injured workers in Texas grew nearly 8 percent in 2011, largely the effect of price increases from earlier reforms, according to a 16-state study by the Workers Compensation Research Institute (WCRI). The …

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Workers’ Compensation Fraud and the Insurance Producer http://www.insurancejournal.com/news/southcentral/2014/03/24/324275.htm Mon, 24 Mar 2014 20:01:42 +0000 http://www.insurancejournal.com/?p=324275 There are essentially two types of workers’ compensation fraud — premium fraud and claimant fraud — and insurance producers can play a role in the discovery and resolution of both, according to one investigator who has brought some 800 cases of workers’ comp fraud …

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Dallas-Area Staged Accidents Scam Leads to Guilty Plea http://www.insurancejournal.com/news/southcentral/2014/03/20/323808.htm Thu, 20 Mar 2014 16:36:46 +0000 http://www.insurancejournal.com/?p=323808 A Dallas-area man has pleaded guilty to fraud in staged traffic accident schemes worth $5 million that have been going on since 2005. Prosecutors in Dallas say 61-year-old Leroy Nelson of DeSoto pleaded guilty to mail fraud and to engaging …

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Texas Insurance Regulators Invite Input on Surplus Lines Rules http://www.insurancejournal.com/news/southcentral/2014/03/18/323601.htm Tue, 18 Mar 2014 15:58:40 +0000 http://www.insurancejournal.com/?p=323601 Texas regulators are seeking comments on new rules related to surplus lines insurance. The Texas Department of Insurance is considering rules to implement Senate Bill (SB) 697 and 951, and House Bill (HB) 1405 (83rd Texas Legislature, Regular Session); SB …

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Front Brings 1,000-Foot Wall of Dust to West Texas http://www.insurancejournal.com/news/southcentral/2014/03/14/323363.htm Fri, 14 Mar 2014 16:20:08 +0000 http://www.insurancejournal.com/?p=323363 A wall of dust as tall as 1,000 feet and 200 miles wide that roared across parts of West Texas and New Mexico is yet another sign of how rain-starved the region is. National Weather Service meteorologist Charles Aldrich in …

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Higginbotham and Odessa, Texas-Based Edgmon Insurance Agency Merge http://www.insurancejournal.com/news/southcentral/2014/03/14/323353.htm Fri, 14 Mar 2014 16:13:29 +0000 http://www.insurancejournal.com/?p=323353 Independent insurance brokers Higginbotham, based in Fort Worth, and Edgmon Insurance Agency, headquartered in Odessa, Texas, have merged their operations. Edgmon Insurance is a family-owned agency going on its third generation. Founded in 1986 by Pauline Appel, the agency was …

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Brady Elected Sr. VP, Equity Partner at Brady, Chapman, Holland http://www.insurancejournal.com/news/southcentral/2014/03/13/323303.htm Fri, 14 Mar 2014 01:06:55 +0000 http://www.insurancejournal.com/?p=323303 Houston, Texas-based independent Insurance agency, Brady, Chapman, Holland & Associates Inc., announced the election of Timothy J. Brady to senior vice president and equity partner. Prior to joining BCH, Brady gained experience in the wholesale brokerage and insurance company sectors. …

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Rising Population Leads to Increase in Texas Auto Injury Crashes, Fatalities http://www.insurancejournal.com/news/southcentral/2014/03/13/323215.htm Thu, 13 Mar 2014 16:20:14 +0000 http://www.insurancejournal.com/?p=323215 Texas’ rapidly expanding population has given rise to something else: more deadly car crashes. The number of fatal automobile crashes in Texas has been on the decline since 1980, but that trend may have come to a screeching halt. For …

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Texas Man Pleads Guilty to Workers’ Comp Fraud; Ordered to Repay $806K http://www.insurancejournal.com/news/southcentral/2014/03/12/323156.htm Thu, 13 Mar 2014 02:06:01 +0000 http://www.insurancejournal.com/?p=323156 Texas Mutual Insurance Co. reported that Howard Douglas Whiddon of Dripping Springs pleaded guilty to workers’ compensation fraud-related charges in a Travis County district court. The court sentenced Whiddon to 10 years’ deferred adjudication and 160 hours of community service, …

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