U.S. P/C insurers will pay homeowners and businesses $1.2 billion for insured property damage wreaked by Tropical Storm Allison during the first two weeks in June, according to preliminary estimates by Insurance Services Office Inc., Property Claim Services unit. Of …
A Travis County grand jury has indicted Houston businessman Randall C. Long on charges of defrauding the Texas Workers’ Compensation Insurance Fund of some $167,000 in premiums. With the indictment, Long, owner of ST Concrete Construction, Concrete Services and CCST, …
With the emerging clarity of historical perspective, the effects of the catastrophe wrought by Tropical Storm Allison are coming into sharper focus. Damage assessments become more accurate. Loss figures more exact. Most information continues from the big picture point-of-view, however. …
Will E. Watt, chief executive officer of Rust, Ewing, Watt & Haney Inc., Texas City, was named the winner of the 2001 Drex Foreman Award at the Independent Insurance Agents of Texas convention in San Antonio. Watt has served as …
On June 12, French police detained and questioned AXA’s Management Board Chairman Henri de Castries and his predecessor, the company’s founder Claude Bébéar, who now presides over its Supervisory Board, about a massive tax evasion scheme involving former AXA subsidiary …
While the primary goal of the year’s top agenda item – a revised agency licensing law – for Texas Surplus Lines Association may have been met, much work still remains to be done. Association officials expect agency licensing to be …
Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance coverage. Speaker …
The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office, Inc. (ISO) and the National Association of Independent Insurers (NAII). ISO and …
An intersection in Frisco, Texas, near Dallas, made State Farm Insurance Company’s list of the 10 most dangerous intersections in the U.S. The intersection at State Highway 121 and Preston Road in Frisco was number eight on the list. Although …
Congressional efforts to block funding for additional border inspectors and facility improvements in anticipation of the opening of the U.S.-Mexican border under the North American Free Trade Agreement (NAFTA) are a threat to safety on America’s highways, claims the National …
