Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Business Moves
Oct 20 2008 // AmWINS North Carolina-based wholesale insurance broker AmWINS Group Inc. has formed an energy practice within its brokerage division. Based in Houston, the energy practice is led by Pascal Ray and Maryanne Maniaci. Ray and...
New Markets
Oct 20 2008 // 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. Medi-Tourism Professional Liability Market...
Medical Professional Liability Insurer Drops Rates by 6.2% in Texas
Oct 17 2008 // Medical professional liability insurer Medical Protective announced a 6.2 percent average rate decrease for physicians in Texas, effective Jan. 1, 2009. The rate change represents the sixth rate reduction for the insurer...
Confie Seguros Acquires Alamo Auto Insurance Group
Oct 16 2008 // Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage Alamo Auto Insurance. The acquisition of San Antonio-based Alamo expands Confie...
Texas Regulators: Ike Repairs on Coast Must Follow Building Code Rules
Oct 16 2008 // The Texas Department of Insurance (TDI) issued a reminder that homes along the Gulf Coast damaged by Hurricane Ike must be repaired in accordance with the Texas Windstorm Building Code (TWBC) if the homeowner plans to...
Bank Holding Companies’ Insurance Revenue Jumps 9.5%
Oct 16 2008 // The nation’s bank holding companies increased their total insurance revenue 9.5 percent to $23.7 billion in the first half of 2008 from $21.7 billion during the same period in 2007. CitiGroup (N.Y.), Wells Fargo...
Crime Prevention Program Comes to Texas/Mexico Border
Oct 15 2008 // The Insurance Council of Texas (ICT) has joined with the Texas Automobile Burglary and Theft Prevention Authority and the Del Rio, Laredo and Brownville Police Departments in a crime prevention campaign aimed at preventing...
Texas AG Urges Continued Reporting of Ike Related Price Gouging
Oct 14 2008 // Texas Gov. Rick Perry recently extended the Hurricane Ike disaster declaration through Nov. 6 for 90 Texas counties and the state Attorney General’s Office (OAG) is urging consumers to continue reporting instances of...
Fines for No Insurance Included in $815M Texas Drivers Owe State
Oct 13 2008 // Nearly one million Texas motorists owe a combined $815 million for violations such as a driving while intoxicated and failure to have insurance, and the state wants them to start paying up. The Texas Department of Public...
Ike is Costliest Storm in Texas History; Price Tag Now More Than $11B
Oct 13 2008 // A month after Hurricane Ike pounded the island, piles of sheetrock, appliances, furniture and family mementos dot most streets in Galveston. Electronic road signs in Southeast Texas flash, “Watch for cows next 20...
American National Aiding Clients of Former Agent Accused of Premium Theft
Oct 10 2008 // Galveston, Texas-based American National Insurance Company and its subsidiary, American National Property and Casualty Company learned shortly after Hurricane Ike that one of its agents had failed to forward to the Texas...
Medical Group Earns First Texas Mutual Workers’ Comp Dividend
Oct 10 2008 // Texas Mutual Insurance Company announced a $282,592 dividend to the Texas Medical Group (TMG) workers’ compensation discount program. This marks the group’s first dividend. The group dividend was based largely...
Texas Commission Says Insurance Counsel Should Remain Independent
Oct 9 2008 // Although the staff of Texas Sunset Advisory Commission recommended earlier this year that the Office of Public Insurance Counsel (OPIC), which represents consumers as a class in insurance regulation, be abolished and its...
Ike Claims for Texas Windstorm Pool May be Less Than Expected
Oct 9 2008 // Two weeks after Hurricane Ike hit Galveston, Texas, on Sept. 13, the Texas Windstorm Insurance Association, the state’s insurer of last resort for wind coverage along the coast, was fielding thousands of claims per...
Texas Lawmakers to Review Ike Damage and State’s Response
Oct 8 2008 // Texas House of Representatives Speaker Tom Craddick has created a House Select Committee on Hurricane Ike Storm Devastation to the Texas Gulf Coast. The committee will be charged with reviewing the state and local...
Texas Company Cited in Fatal I-430 Bridge Accident in Arkansas
Oct 7 2008 // A Texas contractor faces almost $31,000 in penalties after federal safety officials found that undersized bolts and overloaded scaffolding contributed to accident in Arkansas in April that resulted in the deaths of three...
Investigation: Ike’s Toll on Environment a Heavy One
Oct 7 2008 // Hurricane Ike’s winds and massive waves destroyed oil platforms, tossed storage tanks and punctured pipelines. The environmental damage only now is becoming apparent: At least a half million gallons of crude oil...
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...
