A Denton County, Texas, jury ordered Allstate Texas Lloyds to pay actual and exemplary damages of more than $3.8 million in a suit alleging the unit did not pay claims for damage to a home caused by plumbing leaks. According …
A Travis County, Texas grand jury indicted Texas Home Exteriors Inc. and its vice president Derek Baker for falsifying a workers’ compensation claim to Texas Mutual Insurance Company—a third-degree felony. Texas Mutual (SM) investigator Sandra Milburn stated that Baker reported …
State Farm has decided to take a hike from the Louisiana homeowners market and Acting Insurance Commissioner Robert Wooley acknowledged the pullout comes as no surprise. In a statement, Wooley noted that the company cited inadequate pricing for its homeowners …
Texas Insurance Commissioner Jose Montemayor is in the running for a high-level job in the U.S. Treasury Department, according to a report in the Austin American Statesman. Montemayor indicated that if selected by the Bush administration for the job he …
About the time we were heavily into the production cycle for the current issue of Insurance Journal-Texas/South Central, with its focus on technology issues, technology took a bite out of our offices. We were attacked by the so-called Klez worm, …
Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same information over and over …
The recent rehabilitation of the Legion and Villanova Insurance Companies of the Legion Insurance Group is sure to have raised some eyebrows across the insurance industry, but is it an indicator of what could be in store for companies in …
The first online continuing education course offered through the Independent Insurance Agents and Brokers of America’s (IIABA) Virtual University has been unveiled—in Texas. The course is available on the Independent Insurance Agents of Texas’ (IIAT) Web site, www.iiat.org/educate/ce_online.htm. That may …
When the market is soft, the insurance industry speculates how long it will be until it turns hard … similarly, when it is hard, everyone speculates how long it will be until it turns soft. Insurance Journal pulled out the …
The Texas Workers’ Compensation Commission adopted a new medical fee guideline (MFG) that cuts doctor reimbursement fees by an average of 15 percent to reduce claims for care of injured workers. Both the Houston Chronicle and the Dallas Morning News …
