Yearly Archives: <span>2001</span>

InsureZone BUYS AgentSecure

In separate but concurrent developments, Fort Worth-based InsureZone acquired AgentSecure Enterprises Inc., garnered endorsements for from various Independent Insurance Agents of America (IIAA) organizations and entered into an agreement with IIAA Eagle agency for co-marketing of AgentSecure’s Internet-based insurance service, …

NFIB, Fund to Offer WC Programs

The National Federation of Independent Business (NFIB) and the Texas Fund announced an agreement to provide NFIB members with two new safety groups for lowering the cost of workers’ compensation insurance. The programs will be sold through Texas insurance agents …

Council to Hold WC Seminars

The Insurance Council of Texas announced plans for a series of seminars designed to help the insurance industry navigate through the Texas workers’ compensation system. The seminars will be held in Houston August 1, Dallas September 5, and Austin September …

INSpire wins Software Award

INSpire Insurance Solutions’ INSideOUT agency interface, TransFluent, has received ACORD’s XML certification, as well as an ACORD XML Champions Award. Property and casualty outsourcing provider INSpire said the award was presented at the 2001 ACORD Technology Conference.

Texas Sets HO Rate-Making Hearing

The TDI has set an open meeting for July 17, 1:30 p.m., Room 100, in the TDI office building, Austin, to finalize recommendations revising the homeowners’ and residential property benchmark rates for 2001. The Administrative Law Judge (ALJ) recommends, which …

Old Republic to Close Division

Old Republic International Corp. plans to close its general insurance business underwritten through the Old Republic Standard Underwriters division, headquartered in Houston. Formed in 1988, the group targeted grain elevator, petroleum and propane distribution, and natural gas utility accounts. The …

Allison to Cost Insurers $ 1.2 Billion

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 …

Indicted for Insurance Fraud

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, …

Little Lump of Mushy Cardboard

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. …

Watt Wins IIAT Drex Foreman Award; Shofner Young Agent of the Year

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 …