Latest Texas Headlines

Texas Orders Nearly $220K in Fines, Restitution in August

Oct 6 2008 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during August resulted in four license revocations, three license denials and fines and restitution...

Scholarships Raised for North Texas Risk and Insurance Students

Oct 6 2008 // The Fort Worth, Texas, Chapter of Certified Property Casualty Underwriters has presented $10,000 in scholarships to seven students in Risk Management and Insurance studies at the University of North Texas. The chapter has...

Declarations

Oct 6 2008 // A Case by Case Basis “TWIA’s guidelines are, and will continue to be, to look at each claim on an individual case by case basis and determine if the damage claim is covered under their policy.” —Jerry...

Texas Workers’ Comp Commissioner: We’ve Come a Long Way

Oct 6 2008 // The Texas workers’ compensation system is not working perfectly, but “it has come a long way,” says the state’s new Commission-er of Workers’ Compensation Rod Bordelon. In a speech before an...

In Texas, ‘Trigger’ May Be Trickier Than it Seems

Oct 6 2008 // Trigger — what determines which policy applies. Most liability policies require property damage caused by an occurrence and require that the property damage occur during the policy period. The question, in Texas and...

Geeslin: It May be 90 Days Before Ike’s True Cost is Known

Oct 6 2008 // Texas’ top insurance regulator told lawmakers on Sept. 24 that the industry estimates there will be around 300,000 property claims — including commercial property claims — stemming from Hurricane Ike, which...

Oct 6 2008 // Albert Betts, former Texas Commissioner of Workers’ Compensation, joined Thompson Coe Cousins & Irons LLP as a partner in the Insurance Law and Governmental and Legislative Advocacy Sections, effective Oct. 1,...

Most Texas Banks Stable and Safe, Advisory Firm Says

Oct 3 2008 // Banks in Texas, particularly those in the Houston metropolitan area and rural areas of the state, continue to perform better than banks across the rest of the nation, reported Sheshunoff & Co. Investment Banking, a...

Texas Law Firm Pleads Guilty to Role in Staged Accident Scheme

Oct 3 2008 // Trey Allen, P.C., a professional corporation, which was previously known as the Law Office of John H. Allen, III, P.C., pled guilty in federal court before U.S. Magistrate Judge Paul D. Stickney, to charges of conspiracy...

Texas Rolls Out Insured Driver Database Statewide

Oct 3 2008 // TexasSure, the vehicle insurance verification database designed to reduce the number of uninsured motorists in Texas, is now available to law enforcement statewide, the Texas Department of Public Safety reported. TexasSure...

Adjusters Working Ike Claims from Texas Coast to Arkansas Border

Oct 2 2008 // Thousands of insurance claims adjusters are examining the damage left behind by Hurricane Ike from the Texas coast to the Arkansas border, the Insurance Council of Texas (ICT) reported. Millions of dollars in insurance...

Texas-based Combined Agents of America Adds 37th Member

Oct 1 2008 // Austin, Texas-based Combined Agents of America LLC (CAA) announced it added EFGI Insurance & Bonds LCC of San Antonio as its 37th member agency. EFGI is the fourth agency to join CAA this year. EFGI Insurance &...

Low Income, Elderly in 6 Texas Cities to Receive Smoke Alarms

Oct 1 2008 // Firefighters in six Texas cities will be installing smoke alarms into the homes of low income and elderly residents thanks to this year’s We’re Out to Alarm Texas smoke alarm campaign. The program now in its...

Texas Windstorm Insurance Association Answers Policyholder FAQs

Oct 1 2008 // In an attempt to clear-up some of the confusion regarding claim filing and what is covered by the Texas Windstorm Insurance Association, the group has issued answers to the following frequently asked questions: Question:...

New York Liquidation Bureau Closes Receivership of American Eagle

Sep 30 2008 // The New York Liquidation Bureau said it has completed all necessary steps to bring to a close the ancillary receivership in New York of American Eagle Insurance Company, a Texas-based property/casualty firm declared...

Number of Volunteer Firefighters Falling in Texas

Sep 30 2008 // Membership among volunteer firefighters in Texas has dropped to levels predating a surge brought on by the Sept. 11 terrorist attacks seven years ago, a state official says. Many found firefighting less glamorous than they...

Texas Mutual Pays $2.3M Dividend to CompGroup AGC

Sep 30 2008 // Texas Mutual Insurance Company announced a $2,260,775 dividend to the CompGroup AGC workers’ compensation purchasing group. The dividend was based largely on the group’s favorable loss ratio. CompGroup AGC...

Texas Sets Workers’ Comp Benefit Rates

Sep 29 2008 // The Texas Department of Insurance Division of Workers’ Compensation announced that the workers’ compensation state average weekly wage for Fiscal Year 2009 is set at $750 and is effective for dates of injury...

Barnes Appointed Presiding Officer of Texas Mutual Board

Sep 29 2008 // Texas Gov. Rick Perry named Robert Barnes of Granbury presiding officer of the Texas Mutual Insurance Company Board of Directors. Perry also appointed Jay Eisen of Beaumont to the board. Barnes is owner and president of...

Texas Cautions Consumers on Replacement of AIG Policies

Sep 29 2008 // The Texas Department of Insurance (TDI) has issued a statement and answers to some frequently asked questions regarding AIG insurance companies in Texas. “AIG’s Texas insurance companies are currently...