Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Regulators OK Reinsurance Plan for Wind Pool
May 22 2008 // Texas Insurance Commissioner Mike Geeslin has approved the Texas Windstorm Association’s request for increased reinsurance for the 2008 hurricane season. TWIA, the state-backed “insurer of last resort”;...
Texas Review Board Says Insurance Department Works, Offers Changes
May 22 2008 // Staff of the Texas Sunset Advisory Commission says the Texas Department of Insurance functions well but that the state’s “overall approach to insurance regulation,” may need tweaking. State agencies in...
Chubb Offers Unlimited Replacement Coverage to Texas Homeowners
May 22 2008 // The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully...
Young Promoted to VP in Colemont’s Texas Office
May 20 2008 // Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She...
Austin Faces $50 Million in Wind and Hail Damage
May 20 2008 // Insured losses from the strong winds and large hail that pummeled Austin, Texas, on the night of May 14 may rise to $50 million, the Insurance Council of Texas reported. Claims from damaged homes and automobiles continue...
Business Moves
May 19 2008 // Safety National Casualty, Colemont Safety National Casualty Corp., a Missouri-based provider of excess workers’ compensation insurance, and Colemont Insurance Brokers launched a new program for non-subscriber...
It Figures
May 19 2008 // $1.5 Billion The Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is...
Allstate to Begin Homeowners Rate Reductions, Refunds in Texas
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...
Damages Mount – again – In Storm-battered South Central States
May 19 2008 // Storms have caused more than $3 billion in damages this year, insurance group says As the town of Picher, Okla., began to climb out of the wreckage of the deadly tornadoes that swept across Southeastern Oklahoma, Missouri...
South Central Workers’ Comp Markets Show Signs of Improvement
May 19 2008 // Arkansas Workers’ comp premium rates in Arkansas will continue on the declining path they have followed since the state passed workers’ compensation legislative reform in 1993, when a 12.8 percent rate decrease...
Claims Pile up from Texas Storms
May 16 2008 // Back-to-back storm systems surprised Central Texas overnight on May 14-15 with intense winds and heavy hail damage in localized areas that has insurance agents and companies responding to thousand of property damage...
Specialty Insurance Managers Announces Management Changes
May 15 2008 // Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry,...
Damage from April 17 Texas Storm Exceeds $200 Million
May 15 2008 // Insured losses from severe storms on April 17 that hammered areas west of Fort Worth, Texas, with softball size hail now exceed $200 million, the Insurance Council of Texas reported. An estimated 33,000 homeowner claims...
Appeals Court Overturns $7.75 Million Vioxx Verdict
May 14 2008 // An appeals court in Texas overturned a $7.75 million verdict against Merck & Co involving its withdrawn pain drug Vioxx Wednesday, ruling that evidence presented at trial failed to prove the medicine caused the heart...
Damages Mount, Again, in Storm-battered South Central States
May 13 2008 // As the town of Picher, Okla., begins to climb out of the wreckage of the deadly tornado that swept across Southeastern Oklahoma and into Missouri and beyond over the May 10 weekend, some are predicting that the town may...
Texas, Allstate Reach Agreement on Homeowners Reductions, Refunds
May 12 2008 // The Texas Department of Insurance (TDI), the Office of Public Insurance Counsel (OPIC) and Allstate Texas Lloyd’s (Allstate) have reached agreement to settle all outstanding litigation with respect to homeowners...
Texas AG Settles with El Paso Company on Identity Theft Charges
May 9 2008 // Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that...
Texas Home Builders Workers’ Comp Group Dividend Approaches $60K
May 7 2008 // Hotchkiss Insurance Agency LLC and Texas Mutual Insurance Company announced a $59,360.36 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group. Formed in September 2005 the group is exclusive to...
Bostick Returns to Quirk & Company
May 7 2008 // Debbie Bostick has rejoined Texas-based Quirk & Company as a new business account executive for the Commercial Lines Division. Building on her previous 18 year tenure with Quirk & Company, she will focus on the...
Stephens Insurance Expands, Adds 10 to Austin Office Staff
May 6 2008 // Stephens Insurance LLC expanded its commercial and retail insurance service capabilities in Texas by adding 10 staff members to its Austin office. Founded in 1987, Stephens Insurance offers insurance services throughout...
