Latest Texas Headlines

New Markets

Jul 19 2010 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Oil & Gas Risks Market Detail:...

Texas Mutual Urges Worker Safety During Gulf Shore Cleanup

Jul 16 2010 // Now in its third month, the Gulf Coast oil spill has created many safety hazards for wildlife and for people involved in cleanup efforts. Workers’ compensation insurance provider Texas Mutual Insurance Co. urges...

Davis Honored with Insurance Council of Texas’ Raymond Mauk Award

Jul 16 2010 // Will Davis, a partner with the law firm of Thompson, Coe, Cousins and Irons LLC, has been presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 18th Annual Mid-Year Property and Casualty...

RSI International Acquires Dallas-based Insurance Network Corp.

Jul 14 2010 // Texas-based RSI International Inc. has acquired Insurance Network Corp., a managing general agency based in Dallas, Texas. Established in 1996, Insurance Network Corp. specializes in securing property/casualty coverage for...

Allstate: Burglary Claims in Texas Jump 9% in 2009

Jul 14 2010 // The number of home burglary claims for Allstate Insurance customers in Texas jumped 9 percent last year. With many Texans taking trips this summer, the insurer is encouraging people to keep their homes locked-up and their...

Texas AG Tells Travelers to Stop Airing ‘Deceptive’ TV Ad

Jul 12 2010 // Travelers Insurance has indicated it will comply with Texas Attorney General Greg Abbott’s order to stop airing a television advertisement that the AG says is deceptive. According to the AG’s cease and desist...

Texas Workers’ Comp Commissioner Appoints New Medical Advisor

Jul 12 2010 // Dr. Donald Patrick will join the Texas Department of Insurance, Division of Workers’ Compensation as the medical advisor effective July 12, 2010. Dr. Patrick served as the executive director of the Texas Medical...

State Auto Western Region Reports Additions, Promotions in Texas

Jul 9 2010 // State Auto Western Region has announced the following staff additions and promotions in Texas: Steve Harmon has joined State Auto as a business insurance account executive. In this role, Harmon will have responsibility for...

Farmers Introduces Institutional Business Owners Policy Through Texas Agents

Jul 7 2010 // Farmers Group of Cos. has introduced an institutional business owners policy (iBOP) for institutions across America, which will be offered by Farmers agents in Texas. iBOP is designed to serve a spectrum of religious...

Actuarially Sound Property Rates Remain Elusive Along Texas Coast

Jul 7 2010 // Insurance company interests have long complained that the state-backed Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers...

Jul 5 2010 // 77.2% In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...

Actuarially Sound Rates Remain Elusive Along Texas Gulf Coast

Jul 5 2010 // Insurance company interests have long held that the Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers to compete for...

People

Jul 5 2010 // The Independent Insurance Agents of Texas (IIAT) elected David Wood, vice president and partner at Bogan, Dunlap & Wood Insurance in Odessa, to serve as the association’s president for 2010-2011. Other newly...

It Figures

Jul 5 2010 // 77.2% In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...

Hartford Agrees to Reduce Texas Homeowners Rates, Pay Refunds

Jul 2 2010 // Under agreements between the Texas Office of Public Insurance Counsel (OPIC), the Texas Department of Insurance, and two subsidiaries of the Hartford Financial Services Group, Texas consumers that purchase homeowner...

Former Texas Insurance Dept. General Counsel Joins Thompson, Coe

Jul 2 2010 // Will D. Davis, a Texas attorney specializing in insurance law, has joined the Austin, Texas, office of Thompson, Coe, Cousins & Irons LLP. Davis, a former general counsel for the Texas Department of Insurance, joined...

Texas Attorney General: Alex Triggers Price Gouging Law

Jul 1 2010 // Texas Attorney General Greg Abbott has advised South Texans affected by Hurricane Alex that Gov. Rick Perry’s disaster declaration activates state laws that prohibit price gouging. Hurricane Alex had developed into a...

Hurricane Alex Could Reach Land Today in Mexico, Texas

Jun 30 2010 // Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named...

McGinnes Named Senior VP at JDW Insurance in El Paso

Jun 30 2010 // Eric R. McGinnes has been named senior vice president at El Paso, Texas-based insurance brokerage and risk management firm, JDW Insurance. Currently McGinnes holds the position of vice president of JDW Commercial Lines...

Texas DPS Takes 1,738 Vehicles, 160 Drivers Off the Road

Jun 30 2010 // During the Texas Department of Public Safety’s Roadcheck 2010, which ran from June 8 through June 10, DPS troopers inspected 6,906 commercial vehicles. Twenty-five percent of them, or 1,738, were placed out of...