Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Governor Calls for Expanded Lawsuit Reform
Jan 14 2011 // Texas Gov. Rick Perry is urging state lawmakers to further expand the lawsuit reforms that the state has enacted in recent years. Texas lawmakers meet every two years. The 82nd Legislature Regular Session convened earlier...
Sleeper Sewell Adds Dabboussi as VP
Jan 13 2011 // Sleeper Sewell Insurance Services Inc., an independent insurance agency with nearly 50 years serving the Dallas-Fort Worth metroplex, has added Nader Dabboussi as vice president. Dabboussi performs risk management,...
Construction Supply Group Receives $179K Dividend from Texas Mutual
Jan 12 2011 // Texas Mutual Insurance Co. announced a $179,106 dividend to the Texas Construction Supply (TCS) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss ratio. Last...
Combined Agents of America Expands with Agencies in Texas, Kansas
Jan 11 2011 // Austin, Texas-based Combined Agents of America, LLC (CAA) announced it has added two new agency members, one located in Kansas and one in North Texas. With the addition of the two new members of the group — Elliott...
It Figures
Jan 10 2011 // $21 Million A federal appeals court rejected a $21 million settlement of Hurricane Katrina damage claims that some insureds complained was unfair, and that one group said would have entitled homeowners and businesses to as...
Business Moves
Jan 10 2011 // AmWINS Brokerage of Texas The Texas operations of Colemont Insurance Brokers was officially renamed AmWINS Brokerage of Texas effective Dec. 1, 2010. AmWINS and Colemont announced a planned merger in April 2010. Combined,...
Federal Audit Rips Spending for Texas’ Hurricane Ike Cleanup
Jan 10 2011 // A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties...
People
Jan 10 2011 // Todd Teitell, executive vice president and branch leader of AmWINS Brokerage of Texas in Dallas, has been elected president of the Texas Surplus Lines Association Inc. Other elected TSLA officers for the coming year...
2011 Insurance Industry Meetings and Conventions Directory
Jan 10 2011 // Welcome to Insurance Journal’s 2011 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Texas Insurer Alleges Vendetta by Florida Regulator McCarty
Jan 10 2011 // A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation...
Texas Workers’ Comp Division Approves 12 Companies to Self-Insure
Jan 10 2011 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved the renewals of the Certificates of Authority for 12 companies to self-insure their workers’ compensation claims for a...
Texas-Based Insurer GAINSCO to De-list Its Common Stock
Jan 10 2011 // GAINSCO Inc. (NYSE Amex: GAN), an insurance holding company headquartered in Dallas, has announced it will voluntarily suspend trading of its common stock. The company reports there are fewer than 300 holders of its common...
Wholesale Brokerage R-T Specialty Opens Dallas, Texas Office
Jan 7 2011 // R-T Specialty, LLC (RT), the wholesale brokerage arm of Ryan Specialty Group LLC (RSG) has opened a new office in Dallas, Texas. Rajan Shah will direct the office as president. Shah brings more than 17 years of experience...
Texas Mutual Returns $2.1M Dividend to Texas Restaurant Assoc.
Jan 6 2011 // Texas Mutual Insurance Company announced a $2,130,561 dividend to the Texas Restaurant Association (TRA) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss...
Southeast Texas County Defends Hurricane Ike Spending
Jan 5 2011 // Chambers County officials are defending their spending of tens of millions of federal dollars for cleanup from Hurricane Ike after a federal audit questioned whether the money was properly used in the Southeast Texas...
Florida Workers’ Compensation Market Remains Competitive: Report
Jan 5 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
Texas Insurance Commissioner Geeslin to Step Down
Jan 5 2011 // Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TDI for eight years, and has served...
Federal Audit Rips Spending for Texas Hurricane Cleanup
Dec 31 2010 // A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties...
Texas AG Recovers $65M from Pharmaceutical Company
Dec 31 2010 // Mylan Laboratories Inc. has agreed to pay $65 million to state, federal authorities as a result of an agreement with Texas Attorney General Greg Abbott over charges that the firm inaccurately reported drug prices to the...
Texas Q1 2011 Workers’ Comp Discount, Interest Rate Set at 3.8%
Dec 30 2010 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) has set at 3.8 percent the workers’ compensation interest and discount rate for the first quarter of 2011. This rate is computed by...
