Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Pacific Specialty Expands Texas Residential Property Programs
Mar 10 2009 // Pacific Specialty Property and Casualty Company, the Texas affiliate of California-based Pacific Specialty Insurance Company (PSIC) announced a new suite of preferred tier residential property insurance products in...
Texas Issues $36K in Fines in January 2009 Enforcement Actions
Mar 10 2009 // The Texas Department of Insurance reported enforcement actions that became final in January 2009 include two license revocations, two license denials and fines and restitution totaling $36,250. An order imposing...
CAA Adds Agencies from Oklahoma and Kansas
Mar 10 2009 // Austin, Texas-based Combined Agents of America LLC (CAA) announced it has expanded outside of Texas with two new members, Ed Berrong Insurance Agency, based in Oklahoma and Bridges Group Inc., based in Kansas. A...
Texas Legislators Want to Modify Catastrophe Response After Ike
Mar 10 2009 // Nursing homes were left without electricity and medical evacuees flooded hospitals during Hurricane Ike, but more than a dozen bills pending in the Texas Legislature could help change the way state agencies and facilities...
Capitol County Mutual Non-Renewing Texas Policyholders
Mar 9 2009 // The Texas Department of Insurance announced that Capitol County Mutual Fire Insurance Company has notified policyholders that their industrial fire insurance coverage will end effective with the policy monthly anniversary...
Declarations
Mar 9 2009 // Tools to Intervene “The Texas insurance companies remain well-capitalized. … There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state...
States Gear Up for Stimulus Package
Mar 9 2009 // Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the...
People
Mar 9 2009 // Russell R. Oliver, president of Texas Mutual Insurance Co. since 1995, is retiring from the company at the end of August 2009. Oliver notified the Board of Directors in January of his decision to retire this summer. Two...
Changing Demographics Offer a World of Opportunity for Enterprising Agents
Mar 9 2009 // Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people...
Texas Selects NCCI as Sole Collector of Workers’ Comp Data
Mar 6 2009 // The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) announced it has designated a single data collection agent, the National Council on Compensation Insurance Inc. (NCCI), to collect...
Proposal Would Set Up Catastrophe Reinsurance Fund in Texas
Mar 6 2009 // A group of Texas legislators wants to require insurance companies to pay into a state catastrophe fund they could tap in case of big losses in a hurricane or other natural disaster. The Texas Windstorm Insurance...
Louisiana, Mississippi Among Highest Homeowner Rates in 2006
Mar 5 2009 // Louisiana homeowners paid the third-highest home insurance rates in 2006, while Mississippi was hit with the sixth-highest average bill for coverage, according to a report by a national group of state insurance...
Texas Workers’ Comp Div. Issues $169K in Fines in Dec.and Jan.
Mar 5 2009 // Texas Commissioner of Workers’ Compensation Rod Bordelon announced that disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in December 2008 and January...
Texas High Court: Speed Limit Sign Not Adequate Warning of Danger
Mar 4 2009 // The Texas Supreme Court has affirmed an appeals court ruling that a 15 mile-per-hour speed limit sign posted near a pothole on a rural unpaved road was not sufficient warning of the danger of the pothole. In court...
Texas Insurer Group Takes Issue with NAIC Homeowner Report
Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...
Texas Legislator Aims to Limit Power of Homeowners’ Associations
Mar 2 2009 // Texas State Rep. Burt Solomons (Carrollton) has announced plans for a sweeping reform of the state’s homeowners’ association laws, including a constitutional amendment that would prohibit foreclosure of a...
Texas Regulators Continue to Monitor AIG’s Financial Status
Feb 27 2009 // The Texas Department of Insurance announced it is continuing to closely monitor the financial status of American International Group Inc. (AIG) in light of recent national media reports. TDI said it is engaged in regular...
Texas Agent Named National ACSR
Feb 25 2009 // Kimberly J. Muesse of Lockton Companies Inc. in Houston, Texas, has been named the ACSR of the Year by the Independent Insurance Agents & Brokers of America (the Big “I”). Feb. 25 is the annual ACSR...
Woman Blames Copter Maker and Operator for Son’s Death
Feb 23 2009 // A Texas woman whose son was killed when a helicopter headed to an oil platform crashed in the Gulf of Mexico is suing two companies in the death. Gayle Spikes filed a lawsuit against helicopter transportation company...
Demographic Shift Offers Opportunity for Agents
Feb 22 2009 // Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people...
