Texas News

Outlook for Texas-Based Columbia Lloyds Insurance Revised to Stable

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of the members of Houston, Texas-based Columbia Lloyds Companies: Columbia Lloyds Insurance Company and its wholly owned and …

$3M Auto Insurance Fraud Scheme in Texas Leads to Prison Time

Two Bryan, Texas, men have been sentenced for their roles in a scheme that authorities say defrauded insurance companies of more than $3 million. Earlie Dickerson, a former office manager, was sentenced in Houston federal court to 14 years in …

Roach Howard Smith & Barton Adds Tucker in Fort Worth

Brian Tucker joined independent insurance agency, Roach Howard Smith & Barton, as an assistant vice president in its Fort Worth, Texas, office. As a commercial property and casualty insurance sales executive, Tucker is a fourth generation producer for the agency. …

Texas’ Oil Boom Counties See Rise in Traffic Deaths

Vehicle crash deaths are significantly up in parts of Texas where oil and gas production is booming the most. The Houston Chronicle reports that deaths rose more than 50 percent in the West Texas counties located on the Permian Basin. …

Texas Pickup Trucks Stolen the Most: NICB Report

Pickup trucks have become a favorite target by vehicle thieves according to a new report released by the National Insurance Crime Bureau (NICB). Between Jan. 1, 2010 and Dec. 31, 2013, 9,441 pickup trucks were reported stolen. Full-sized pickup trucks …

Texas Sees Decrease in Fatal Occupational Injuries in 2013

In 2013, there were 493 fatal occupational injuries in Texas, an 8 percent decrease from 536 in 2012, the Texas Department of Insurance reported. The figures are based on preliminary data released release by the U.S. Department of Labor, Bureau …

Austin to Buy Out 300 More Storm-Flooded Homes

Leaders of a Central Texas city have approved a $3.5 billion annual budget that includes buying out about 300 more homes in flood-prone areas. The Austin City Council on Tuesday approved next year’s budget and spending $78 million for residences …

Georgiou, Gladwell, Lefebvre Join Ascot Underwriting in Houston

London-based Ascot Underwriting Ltd. has appointed Banos Georgiou as chairman, Diana Gladwell as senior vice president, and Devin Lefebvre as vice president of Ascot Underwriting Inc. in Houston. The team will report to John Flower, president and chief underwriting officer …

Roach Howard Smith & Barton Adds Stalcup in Fort Worth

Jamie Stalcup has joined Texas-based independent insurance brokerage Roach Howard Smith & Barton as a personal client advisor for personal lines insurance sales in the agency’s Fort Worth office. Stalcup began her insurance career in 2005 and has specialized in …

Anchor Insurance to Acquire Southeast Surplus Underwriters and Affiliates

Anchor Insurance Holdings is purchasing Beaumont, Texas-based Southeast Surplus Underwriters General Agency, Spindletop Premium Finance, and Ranchers and Farmers Insurance Co. from Mirage Interest Inc., the companies reported. According to information posted on its website, Mirage Interest is a descendant …