Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
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...
Smoke Alarms Need Attention, Texas Insurer Group Says
Feb 16 2007 // A recent survey by firefighters in Farmers Branch, Texas, found that one third of the smoke alarms they tested inside homes didn’t work. The Insurance Council of Texas (ICT) reported that the firefighters said most...
Texas DWC Approves 11 Companies to Self-Insure
Feb 15 2007 // Eleven companies with approximately 27,500 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of...
York Claims Svc. Announces Accreditation to Teach Claims Adjusting in Florida, New Jersey, California and Texas
Feb 13 2007 // Parsippany, NJ: York Claims Service a subsidiary of York Insurance Services Group, Inc. (“York” or “the Company”), a leading insurance services provider, announced today its approval as a claims...
Michealis to Head Commercial Lines Operations at IMA of Texas
Feb 13 2007 // Dallas-based IMA of Texas Inc. announced it has promoted April Michaelis to the position of commercial insurance operations manager. She formerly served as administrative/operations manager. In this position, Michaelis...
Why a regional carrier might be an agent’s best friend
Feb 12 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...
Study shows Texas economy vulnerable to Cat 3-sized coastal storm
Feb 12 2007 // A study commissioned by the Independent Insurance Agents of Texas (IIAT) shows that the economy of the entire state of Texas would be severely impacted if a Category 3-type hurricane were to hit heavily populated areas of...
People and Places
Feb 12 2007 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P., has named Mike Rutledge a partner. Rutledge is a vice president in MHBT’s Fort Worth, Texas, office. Rutledge’s career in...
