Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Insurers’ Trade Group Honors Gerik with Raymond Mauk Award
Jul 19 2018 // The Insurance Council of Texas (ICT) has honored Mike Gerik, executive vice president at the Texas Farm Bureau Mutual Insurance Co., with the 2018 Raymond Mauk Leadership Award. ICT presented the Mauk Leadership Award to...
Explosions, Fire at Texas Gas, Cylinder Company Spur Evacuations but No Injuries
Jul 19 2018 // Authorities say nobody has been hurt in several explosions and a fire at a gas and cylinders company in rural Central Texas. Austin County Sheriff Jack Brandes said the accident at Western International Gas & Cylinders...
Baylor in Texas Settles Suit with Woman Who Accused Players of Rape
Jul 17 2018 // Baylor University has settled a federal Title IX lawsuit brought by a former volleyball player who alleged that she was drugged and gang raped by at least four football players in 2012. Terms of last week’s...
Texas Extends Cut-Off Date for Use of Negotiated Experience Modifiers in Workers’ Comp
Jul 16 2018 // The Texas Department of Insurance has approved a request to extend the use of negotiated experience modifiers in the state’s workers’ compensation system for another year. Without the change, under the NCCI...
Texas Attorney Sentenced for Insurance Fraud Involving Hail Claims
Jul 16 2018 // A former Texas attorney is headed to prison on charges of insurance fraud and barratry for a scheme involving fraudulent lawsuits filed after hail storms, the Texas Department of Insurance announced. A Tarrant County judge...
People
Jul 16 2018 // The Independent Insurance Agents of Texas (IIAT) elected Jeffrey L. Brady of Brady, Chapman, Holland & Associates (BCH) in Houston to serve as IIAT chair for 2018-19. Brady was elected during IIAT’s 121st Annual...
Texas Failing to Enforce Flood Insurance Rules, Newspaper Says
Jul 16 2018 // Texas officials are struggling to enforce part of a flood insurance program requirement that aims to elevate or remove severely damaged properties from flood plains, according to a newspaper investigation. The Houston...
Texas Mutual Announces 2 Workers’ Comp Fraud Convictions
Jul 13 2018 // Texas Mutual Insurance Co. recently announced that Marcos Ricoy of Harlingen, Texas and Enrique Colon of Deer Park, Texas, pleaded no contest to a felony charge of engaging in organized criminal activity involving...
Wrongly Named Suspect in Texas Police Shooting Files Lawsuit
Jul 13 2018 // A man wrongly identified by Dallas, Texas police as a suspect in the 2016 fatal shooting of five officers has sued the city and its police department. The federal lawsuit filed Monday alleges Dallas police detained Mark...
Alliant Acquires CLS Partners in Texas
Jul 13 2018 // Alliant Insurance Services Inc. has acquired CLS Partners in Austin, Texas. Clint Scott, CEO of CLS PartnerS, along with the CLS Partners management team and staff, will join Alliant and continue to service clients from...
Registration Opens for IRMI Construction Risk Conference in Texas
Jul 13 2018 // International Risk Management Institute Inc. has opened registration for the 38th IRMI Construction Risk Conference. The IRMI conference is set for Nov. 4 through Nov. 7 at the Marriott Marquis in Houston, Texas. Roughly...
How One Hedge Fund Has Pursued $360M Financial Fraud Claim Against Big Bank
Jul 12 2018 // When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund...
Texas Extends Use of Negotiated Experience Modifiers in Workers’ Comp
Jul 11 2018 // The Texas Department of Insurance has approved a request to extend the use of negotiated experience modifiers in the state’s workers’ compensation system for another year. Without the change, under the NCCI...
Report: Texas Failing to Enforce Flood Insurance Rules
Jul 10 2018 // Texas officials are struggling to enforce part of a flood insurance program that aims to elevate or remove severely damaged properties from flood plains, according to a newspaper investigation. The Houston Chronicle...
Alliant Acquires Texas Employee Benefits Firm, CLS Partners
Jul 10 2018 // Alliant Insurance Services has acquired the Austin, Texas-based employee benefits and risk management consulting firm, CLS Partners. The Austin-based firm brings a team of more than 50 professionals to Alliant, bolstering...
More Than $5B Headed to Texas for Flood Control Projects
Jul 9 2018 // Almost a year after Hurricane Harvey dumped historic rains on Texas, the state will receive more than $5 billion for a range of flood control projects, repairs and studies, the Trump administration announced on July 5. The...
Credit Ratings Assigned to Texas’ Service American Indemnity Co.
Jul 6 2018 // A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Service American Indemnity Co., headquartered in Austin, Texas. The...
Dealing with It: Texas’ Never Ending Hail Problem
Jul 6 2018 // Texas has a hail problem. OK, from an insurance perspective, Texas has a weather problem, period, but that’s another story altogether. Back to hail. On June 6, a hailstorm walloped heavily populated areas of North...
20 Accused of Stealing Heavy Equipment Worth $765K in Texas
Jul 5 2018 // Investigators in San Marcos, Texas, say 20 people have been indicted for allegedly being part of a Texas crime ring that stole heavy equipment and sold the expensive items for cash or drugs. San Marcos police on July 3...
Texas’ Hotchkiss Insurance Programs Rebrands as Catapult Insurance Solutions
Jul 3 2018 // Dallas-based Hotchkiss Insurance Programs, a privately held managing general insurance agency, is changing its name to Catapult Insurance Solutions. The name change reflects the organization’s expertise in launching...
