Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Agent Sentenced for Perjury in Workers’ Comp Case
Nov 27 2007 // Texas Mutual Insurance Company reported that an independent licensed insurance agent pled no contest to a charge of perjury in a workers’ compensation fraud-related case. A Travis County district court sentenced...
Texas October Enforcement Actions Total Nearly $650K
Nov 26 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during October. The actions include a license revocation, a license denials and fines and restitution...
New Officers, Directors Elected at Texas Surplus Lines Assoc. Meeting
Nov 19 2007 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 51st Annual Meeting held Nov. 12, 2007, at the Four Seasons Hotel in Austin: The new officers are: President Lana Parks, president of The...
It Figures
Nov 18 2007 // 2% Texas has used only 2 percent of more than $500 million in federal aid for homeowners and communities hit by Hurricane Rita more than two years ago, a state audit found. State Auditor John Keel found that more than...
People
Nov 18 2007 // Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as chairman and CEO. Anthony J. Kuczinski, who is president of Munich Re America’s...
New Players Enter the E&O Market … But Some Agents May Not See Rates Decline
Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...
Rate Increase OK’d for Texas Windstorm Insurance Association
Nov 16 2007 // Texas Windstorm Insurance Association policyholders’ rates will go up begining Feb. 1, 2008, as a result of rate increases approved by the Texas Department of Insurance yesterday. Texas Insurance Commissioner Mike...
Texas Mutual: Man Earned $10K a Week While Receiving Benefits
Nov 16 2007 // Texas Mutual Insurance Company reported that the 331st Travis County District Court sentenced Richard Brooks of Buna on workers’ compensation fraud-related charges. Brooks must serve five years’ deferred...
GAINSCO Rolls Out Monthly Auto Policy in Texas
Nov 15 2007 // GAINSCO Auto Insurance, which specializes in minimum-limits personal auto policies, announced it has introduced a new monthly auto policy for Texas customers. The new product, which provides a single month of personal auto...
Texas Insurer Group Awards Scholarships to 15 Students
Nov 15 2007 // The Education Foundation of the Insurance Council of Texas (ICT) has awarded academic scholarships to 15 students at Baylor University, the University of North Texas and the University of Texas at Austin, the insurer trade...
State Auto Exec. to Discuss Texas Market at Dallas All-Industry Day
Nov 15 2007 // Columbus, Ohio-based State Auto Insurance Companies Executive Vice President and COO Mark Blackburn will offer his view of Texas, the nation’s third-largest property and casualty market, at the 2007 Dallas...
Texas Construction Company Funds Safety Scholarship
Nov 14 2007 // The American Society of Safety Engineers’ (ASSE) Region III, which encompasses Arkansas, Oklahoma and Texas, announced that Austin, Texas-based McComb Construction Company donated $4,000 toward the establishment of a...
Texas Physicians Group: New Comp Rules Benefit Workers
Nov 13 2007 // New rules proposed by the Texas Department of Insurance Division of Workers’ Compensation will help injured workers in finding and receiving care from a physician, according to the Texas Medical Association. Among...
Sign Industry Group Open to all Licensed Texas Agents
Nov 12 2007 // Texas Mutual Insurance Company reported that the Texas Sign Association (TSA) purchasing group, TSA Comp Group Inc., is now open group. Qualifying on-premise sign product manufacturers, sign supply distributors and...
Texas Work Comp Treatment Planning Pilot Project Launched
Nov 9 2007 // Several Texas workers’ compensation insurance carriers are participating in a pilot project with health care providers to initiate treatment planning for workers’ compensation injuries, according to the Texas...
Texas Mutual Distributes $2M in Dividends to First-Year Policyholders
Nov 8 2007 // Texas Mutual Insurance Company announced it is distributing approximately $2 million in dividends among first-year policyholders with favorable loss ratios. The dividends represent the final component of the...
State Audit: Texas Slow in Delivering Federal Aid to Hurricane Victims
Nov 5 2007 // Texas has used only 2 percent of more than $500 million in federal aid for homeowners and communities hit by Hurricane Rita more than two years ago, a state audit found. State Auditor John Keel found that more than 4,000...
People
Nov 4 2007 // Austin, Texas-based Medicus Insurance appointed John Flanagan as its new Regional Market manager for the Midwest. Flanagan will be based in Chicago. Flanagan brings over five years of experience in the professional...
ACE pays $4.5 million to states
Nov 4 2007 // ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
