Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Otis Appointed CEO of Texas-Based National Lloyds Corp.
Apr 10 2014 // Waco, Texas-based National Lloyds Corp., an insurance holding company and wholly owned subsidiary of Hilltop Holdings Inc., hired industry veteran Robert Otis as chief executive officer effective April 1, 2014. Otis joins...
Estimate of Insured Losses in North Texas Storms Reaches $300M
Apr 9 2014 // The storms that rolled across the Denton area in north Texas in early April are estimated to have caused $300 million in insured losses. The area was hit by softball size hail and three tornadoes. The thunderstorms erupted...
Commissioner: Opioid Drug Prescriptions Declining in Texas Work Comp System
Apr 8 2014 // Texas Commissioner of Workers’ Compensation Rod Bordelon told the Texas House Committee on Public Health that the number and cost of opioid drug prescriptions in the Texas workers’ compensation system has...
Fabors Named President of Texas-Based RISC
Apr 8 2014 // Dallas, Texas – based RISC announced that Shawn O. Fabors was named president of the company upon the retirement of William D. Staub, Jr. The transition was effective Apr. 1, 2014. Staub joined RISC as president in...
Ott Stepping Down as President, CEO of Texas Medical Liability Trust
Apr 8 2014 // Austin-based Texas Medical Liability Trust (TMLT) announced that Charles R. “Chip” Ott Jr. is stepping down from his role as TMLT’s president and chief executive officer (CEO) effective June 30 to...
Flooded Austin, Texas Homes to Be Demolished
Apr 7 2014 // Demolition has begun on some Central Texas homes left unlivable after flooding during deadly fall storms. The Austin American-Statesman reported that crews are concentrating on Onion Creek neighborhoods. Late October and...
Top 10 States and Cities for Job Growth
Apr 7 2014 // North Dakota, California, Texas and Florida did well in job growth in 2013 while Arkansas and Pennsylvania lagged and West Virginia was the only state to lose jobs. Overall, 12 states showed job growth of at least two...
People – South Central
Apr 7 2014 // Houston, Texas-based independent Insurance agency, Brady, Chapman, Holland & Associates Inc., elected Timothy J. Brady to senior vice president and equity partner. Prior to joining BCH, Brady gained experience in the...
Business Moves
Apr 7 2014 // Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in 1932, Spataro Insurance Agency is a retail insurance broker providing property/casualty, risk...
Large Hail, Tornadoes Pound Denton, Texas Area
Apr 4 2014 // An outbreak of severe thunderstorms north of Dallas, Texas, on Apr. 4 produced hurricane force winds, tornadoes and hail reported to be as large as grapefruits. Several communities are reporting extensive damage. Severe...
Texas Brine Contractors Staying in Homes Near Louisiana Sinkhole
Apr 3 2014 // Texas Brine Co. has moved contractors working on the Bayou Corne-area sinkhole in Louisiana into three homes the company purchased from residents who left after the failure of a company-operated salt dome cavern. Texas...
Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders
Apr 2 2014 // A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa...
Louisiana Sinkhole Expands Again
Apr 2 2014 // The sinkhole near Bayou Corne in Louisiana sucked down another patch of earth as Texas Brine Co. released pressure again from its failed salt dome cavern near the 29-acre swampland sinkhole in Assumption Parish. Officials...
States Collaborating on Rules to Address Earthquake Risks of Fracking
Mar 31 2014 // Several U.S. states are banding together to combat the mounting risks of earthquakes tied to the disposal of wastewater from hydraulic fracturing for natural gas. Regulators from Kansas, Texas, Oklahoma and Ohio met for...
Louisiana Sinkhole Swallows More Trees, Burps Gas
Mar 28 2014 // Officials say the 29-acre sinkhole in Louisiana’s Assumption Parish swallowed six cypress trees on March 26 and had its first deep burp of gas and fluid since late August. The Advocate reports the event comes nearly...
Farmers Insurance Looks to Add 200-Plus Agency Owners in Texas
Mar 27 2014 // Property/casualty multiline insurer, Farmers Insurance, plans to add 244 agency owners throughout Texas in the coming year. Farmers announced it is offering special incentives to military veterans, reservists and bilingual...
Texas Insurance Agent Sentenced to 4 Years for Premium Theft
Mar 26 2014 // A Houston-area insurance agent whose company included the word “integrity” in its name has been sentenced to four years in prison for stealing from about 40 clients. A judge in Galveston sentenced Christopher...
Injured Worker Cost Per Claim Rises in Texas
Mar 25 2014 // Payments per claim for the medical care of injured workers in Texas grew nearly 8 percent in 2011, largely the effect of price increases from earlier reforms, according to a 16-state study by the Workers Compensation...
Texas Associates Insurors Hires Thomas as Risk Solutions Adviser
Mar 24 2014 // Texas Associates Insurors has hired David Thomas as a risk solutions adviser. Thomas, a former football player for the University of Texas has a Bachelor’s degree in Kinesiology and has earned the CLCS, Commercial...
Texas Issues Special Data Call for Commercial Property Insurance Coverage
Mar 24 2014 // The Texas Department of Insurance is issuing a special catastrophe areas data call to property/casualty insurers who write direct commercial property and businessowners insurance in Texas. Information collected under this...
