Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Senator Proposes Statewide Flood Control Plan
Jan 25 2019 // Before the next Hurricane Harvey strikes, and thousands of homes are damaged or destroyed, some Texas lawmakers want to make sure communities statewide are better prepared for future floods. On Jan. 22, state Sen. Charles...
Houston Company to Pay $250K in Workers’ Comp Fraud Case
Jan 23 2019 // A Houston company has pleaded guilty to workers’ compensation premium fraud in a case that spanned four years, the Texas Department of Insurance, Division of Workers’ Compensation announced. According to the...
Shofner Joins LP Risk in Texas as Director of Operations
Jan 23 2019 // Bryan Shofner has joined Houston-based wholesale insurance broker and managing general agency, LP Risk, as director of operations. Shofner’s previous roles include senior vice president of Marsh McLennan Agency LLC...
Texas Sunset Board: Legislature Needs to Decide Nature of Windstorm Insurer
Jan 23 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
New Markets
Jan 21 2019 // Workers’ Comp Market Detail: Builders & Tradesmen’s Insurance Services Inc.’s (www.btisinc.com) Victory Workers’ Comp program offers instant online price indication, fast quote turnaround times...
People
Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Flood Coverage, TWIA, Workers’ Comp Relativities Among TDI Concerns in Legislative Report
Jan 21 2019 // In its 2018 Biennial Report to the Legislature dated Dec. 14, 2018, the Texas Department of Insurance made several recommendations to state lawmakers regarding issues the agency believes are worth looking at in the...
Texas Surplus Lines Industry Had a Record-Setting Year in 2018
Jan 21 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. The numbers represent...
ICT: Destructive Weather Took a Break in Texas Last Year
Jan 18 2019 // Between 2015 and 2017, Texas experienced a record number of tornadoes, hailstorms and a hurricane, but the state finally got a reprieve from all of the destructive weather in 2018, the Insurance Council of Texas (ICT)...
Normandy Insurance Expands Workers’ Comp Coverage to Texas
Jan 17 2019 // Florida-based workers’ compensation carrier Normandy Insurance Co. is now offering workers’ compensation insurance to small, mid-size, and large businesses in Texas. This marks the fourth major expansion by the...
AIG’s Bernal Joins AXA XL’s Broker/Client Management Team in Texas
Jan 17 2019 // Roman E. Bernal has joined AXA XL’s broker and client management team in Houston as client distribution leader for the US South Central region, reporting to Wayne Speeg, US South Central regional leader. Bernal will...
TDI Shares Consumer Concerns About Contractors, Roofers with Lawmakers
Jan 15 2019 // While not making any specific recommendations to lawmakers regarding the licensing of building and roofing contractors, the Texas Department of Insurance noted in its 2018 Biennial Report to the Legislature that the...
Nelson Named President of Dallas-Fort Worth RIMS Chapter
Jan 15 2019 // Penni Nelson has been named president of the Dallas-Fort Worth chapter of the Risk and Insurance Management Society (RIMS) for 2019, the Surplus Lines Stamping Office of Texas (SLTX) announced. Nelson is a member of the...
Train Derails in Texas, Sends Freight Cars into Backyards
Jan 11 2019 // A freight train derailment in the center of a small North Texas town sent freight cars smashing into a resident’s backyard. The 9:30 a.m. Jan. 9 smashup in downtown Aubrey, Texas, involved a Union Pacific train of...
Workers’ Comp Relativities Are Obsolete, TDI Says
Jan 11 2019 // In its 2018 Biennial Report, the Texas Department of Insurance has recommended that lawmakers delete from state statute references to classification relativities as an alternative basis for workers’ compensation...
Texas Regulators Urge Flexibility in Claim/Dispute Deadlines for Windstorm Insurer
Jan 10 2019 // The Texas Department of Insurance in its 2018 Biennial Report to the legislature has recommended amending state law to permit more flexibility in time limits for handling and resolving claims and disputes brought to the...
Texas Insurance Department Recommends Flood Disclosure on Property Policies
Jan 9 2019 // In its 2018 Biennial Report, the Texas Department of Insurance made several recommendations to the legislature regarding issues the agency believes are worth looking at by lawmakers in the 2019 legislative session. One, at...
SLTX: Texas’ Excess, Surplus Insurance Premium Grew 11.4% Last Year
Jan 7 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. Certain coverages have...
Natural Disasters to Dominate Insurance Agenda in Texas; Oklahoma’s New Commissioner Eyes Uninsured Motorists
Jan 7 2019 // The Texas Legislature meets every two years, so when state lawmakers are in Austin, they have a lot to deal with. That’s unlikely to change when the 140-day 86th Legislature’s regular session convenes on Jan....
Declarations
Jan 7 2019 // Caution Advised “I encourage New Yorkers to exercise caution when disclosing sensitive personal information.” — New York Attorney General Barbara D. Underwood warned in a press release announcing that a...
