Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
American Meridian Insurance Company in Receivership
Mar 1 2007 // The State of Texas has placed American Meridian Insurance Company into permanent receivership and ordered its liquidation. American Meridian is organized under the laws of Bermuda where it is a company in good standing. It...
Texas District Sets Helmet Rule after Baseball Player’s Death
Mar 1 2007 // Anyone who uses a Grapevine-Colleyville school district batting cage will be required to wear a helmet under new rules adopted in response to a baseball player’s death. The Dallas-area school district announced new...
New Markets
Feb 26 2007 // Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment...
Vanek promoted to CEO of NLASCO
Feb 26 2007 // Affordable Residential Communities closes acquisition of Texas-based insurer Affordable Residential Communities Inc. of Englewood, Colo., closed its previously announced acquisition of Waco, Texas-based NLASCO Inc., a...
People and Places
Feb 26 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
Reaping the wind will be the responsibility of insurers
Feb 26 2007 // There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing...
It Figures
Feb 26 2007 // $309 Million The Federal Emergency Management Administration has determined nearly 70,000 households wrongly received $309.1 million in grants related to Hurricane Katrina recovery efforts, and officials acknowledge those...
Why a regional carrier might be an agent’s best friend
Feb 26 2007 // The old saying “all politics is local” is born of the realization that the things that most directly affect us are local issues. In that respect, one could say that insurance is a local business. Risk...
Coming to the Rescue: States get ready to modernize surplus lines regulation
Feb 26 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...
New Markets
Feb 25 2007 // Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment...
People
Feb 25 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
Reaping the wind will be the responsibility of insurers
Feb 25 2007 // There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing...
Figures
Feb 25 2007 // $309 Million The Federal Emergency Management Administration has determined nearly 70,000 households wrongly received $309.1 million in grants related to Hurricane Katrina recovery efforts, and officials acknowledge those...
Coming To The Rescue
Feb 25 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...
Austin Insurance Day set for Mar. 19
Feb 23 2007 // The Central Texas Chapter of Chartered Property Casualty Underwriters (CPCU) and the Austin Association of Insurance Professionals (AAIP) announced the 36th Annual Insurance Day will be held in Austin Mar. 19. The program...
Buffalo Bills’ McGee Sues Financial Adviser
Feb 23 2007 // Buffalo Bills cornerback Terrence McGee thought he was set for life when the signed a contract extension that included a $5 million bonus. Some 16 months later, McGee’s financial picture doesn’t look so secure:...
TSG Earns Third Consecutive Texas Mutual Dividend
Feb 22 2007 // Texas Mutual Insurance Company announced a $256,134 dividend for the Texas Schools Group (TSG) purchasing group. Premium volume and loss ratio were key factors in calculating the group’s third consecutive dividend....
Agents Could Benefit from Incentive Pay Plans Replacing Contingent Income
Feb 22 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Geeslin’s First Months as Texas Commissioner Were ‘Trial by Fire’
Feb 20 2007 // It could be said the first year of Mike Geeslin’s term as Texas Insurance Commissioner was one of “trial by fire.” Gov. Rick Perry appointed Geeslin to the post in June 2005, just months before Hurricanes...
Judge in Texas Approves Settlement in Allstate Discrimination Case
Feb 18 2007 // A federal judge in Texas has given final approval to a class-action settlement in a case accusing Allstate Corp. of discriminating against minority policyholders by using credit reports to set rates. U.S. District Judge...
