Texas News

Fabors Named President of Texas-Based RISC

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 …

Flooded Austin, Texas Homes to Be Demolished

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 …

Large Hail, Tornadoes Pound Denton, Texas Area

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. …

The Leavitt Group Opens New Office in Houston

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 …

Hilltop Holdings Inc. to Acquire SWS Group

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 …

Innocent Joins LevelFirst in Dallas as Associate Underwriter

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 …

Farmers Insurance Looks to Add 200-Plus Agency Owners in Texas

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. …

New Benefits Adds Latkowski in Dallas

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 …

Texas Insurance Agent Sentenced to 4 Years for Premium Theft

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 …

Injured Worker Cost Per Claim Rises in Texas

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 …