Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Business Moves
Aug 3 2009 // Met Life MetLife Inc. is combining its institutional and individual businesses, as well as its auto and home insurance unit, into a single U.S. business organization. William J. Mullaney, who has served as president of...
A New Landscape: Notice and Prejudice in Texas
Aug 3 2009 // In the past few years, the Texas Supreme Court has repeatedly addressed the meaning and operation of policy conditions. Perhaps nothing has received as much attention as the conditions relating to notice of an occurrence,...
Why Bankruptcy Rates Vary By State
Aug 3 2009 // State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates In a previous edition of Insurance Journal (July 20, 2009, “Tackling Client Bankruptcy: How to Help Clients Work Through the...
People
Aug 3 2009 // The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of...
FPIC Insurance Group Buys Texas Med Mal Insurer Advocate, MD
Jul 31 2009 // Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Lewis to Lead Independent Insurance Agents of Central Texas
Jul 29 2009 // The Independent Insurance Agents of Central Texas announced the following new board members for 2009-2010: President Steven Lewis, Anco Insurance Vice President Kyle Paschall, Naler Insurance Agency Past-President Don...
Huff Honored with Insurance Council of Texas’ Raymond Mauk Award
Jul 24 2009 // The Insurance Council of Texas has presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the twelfth recipient of the...
Progressive Offers Behavior-Based Insurance Program to Texas Drivers
Jul 21 2009 // Progressive Insurance announced it is launching in Texas an optional car insurance program that offers lower rates on vehicles that are driven in less risky ways. The behavior-based insurance program, called MyRate, gives...
People
Jul 20 2009 // LoriAnn Lowery resigned her position as president of Lloyd’s North America after a little more than a year on the job. Lowery took over as Lloyd’s North America president in April 2008, replacing long-time...
Business Moves
Jul 20 2009 // American Safety, Victore Insurance Bermuda-based American Safety Insurance Holdings Ltd.’s American Safety Casualty Insurance Co. (ASCIC) subsidiary has acquired Victore Insurance Co. (VIC), an Oklahoma domiciled...
Pan-American Life Acquires Texas-based Medical Benefits Provider
Jul 20 2009 // New Orleans-based Pan-American Life Insurance Group has completed the acquisition of USNow, which is headquartered in Plano, Texas, and provides limited medical plans. Since 1995, USNow President and CEO David E. Lindsey...
Former Texas Insurance Company Owners Buy Waco Tribune-Herald
Jul 17 2009 // The Waco Tribune-Herald will be under local ownership for the first time in 33 years. Longtime Waco, Texas, insurance businessman and civic leader Clifton Robinson and his son, Gordon Robinson, are buying the 117-year-old...
State Farm Lloyds Seeks Homeowners Rate Increase in Texas
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Russell Joins Texas-based P/C Insurance Consultant CastleBay
Jul 16 2009 // Debbie Russell has joined the quality assurance team at Austin, Texas-based CastleBay Consulting Corporation, which provides consulting services to the property and casualty insurance market. Russell will focus on...
The Woodlands Financial Group Opens 6 New Locations
Jul 14 2009 // Retail and managing general agency The Woodlands Financial Group Inc.(TWFG) announced the continuing expansion of its operations with the opening of six new branch locations in June in Texas, Louisiana and Georgia. Ronnie...
Texas Supreme Court Rules for Insured in Appraisal Clause Case
Jul 10 2009 // The Texas Supreme Court recently upheld an appeals court ruling that favors the insured in a dispute over the scope of an appraisal clause in a homeowners insurance policy. Delivering the written opinion of the Court in...
Few Complaints from Texas 2008 Hurricane Claims
Jul 8 2009 // The Texas Department of Insurance (TDI) reported it has received a total of 1,201 justified complaints from the nearly 900,000 claims that originated from Hurricanes Ike and Dolly in 2008. The complaints represent less...
Texas DOI to Agents: Forward Apps, Premium in Timely Manner
Jul 8 2009 // The Texas Department of Insurance reported recently that it received numerous inquiries and complaints after Hurricane Ike relating to the failure of agents to forward applications and premium to the Texas Windstorm...
