Latest Texas Headlines

Companies step up to take Texas Select policyholders

Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...

Texas denies State Farm rate hike

Aug 7 2006 // Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer. State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent...

Vesta liquidation by Texas felt from Florida to Mass.

Aug 7 2006 // Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries. Texas regulators placed the company...

Hawaii obtains reinsurance to take control of Vesta subsidiary

Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...

Get your motor runnin’ – not stolen

Aug 7 2006 // California topped the nation in motorcycle thefts in 2005, according to the National Insurance Crime Bureau, but Texas had the dubious honor of coming in third place, with Florida falling in between the two as the state...

Langford receives ICT’s Raymond Mauk Award

Aug 7 2006 // James Langford, an assistant vice president at the Texas Farm Bureau Insurance Companies, received the Raymond Mauk Leadership Award July 13, at the 14th Annual Mid-Year Property and Casualty Symposium. Langford becomes...

News Currents

Aug 7 2006 // Companies step up to take Texas Select policyholders Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the...

Aug 7 2006 // People Dallas-based McQueary Henry Bowles Troy LLP named Kyle Moss a partner in the firm. Moss, previously employee benefits director in MHBT’s Dallas office, is responsible for the production and servicing of...

Texas denies State Farm rate hike

Aug 7 2006 // Texas insurance officials on July 21 rejected proposed homeowner rate increases by State Farm, the state’s largest home insurer. State Farm had filed for a pair of statewide rate increases on May 31: a 9.1 percent...

Hawaii obtains reinsurance to take control of Vesta subsidiary

Aug 7 2006 // News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...

Growth in retail shopping centers a boon for insurance brokers

Aug 7 2006 // When the going gets tough, the tough go … shopping! Judging by the 18 percent increase in the development of retail shopping centers in the United States in 2005 over 2004, that tongue-in-cheek adage has more than a...

GeoVera Offers Homeowners Coverage to Texas Select Policyholders

Aug 4 2006 // Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with...

Texas AG Warns West Texans About Scams After Flooding

Aug 3 2006 // Texas Attorney General Greg Abbott warned El Pasoans and other West Texas communities to be wary of fly-by-night contractors and other scam artists who might try to take advantage of homeowners and other consumers during...

Texas Workers’ Comp Conference to Focus on Reform Legislation

Aug 2 2006 // The Insurance Council of Texas (ICT) will host its 2006 Workers’ Compensation Conference in Austin on Sept. 20 at the Hyatt Regency. Workers’ Compensation Commissioner Albert Betts will be the conference...

Texas Agent Duplicates First Ever Hole-In-One at Lubbock Golf Course

Aug 1 2006 // An insurance agent playing in a weekend tournament in Lubbock, Texas, followed up his first hole-in-one with another one day later. On the same hole. Using the same club. “I’ve never even heard of such a...

Texas Agent Group Launches Homeowners Market Web Page

Aug 1 2006 // TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an...

Texas Orders Unlicensed Company to Stop Selling Travel Insurance

Aug 1 2006 // The Texas Department of Insurance (TDI) has issued an emergency cease and desist order against Trip Assured Inc., which has been selling travel insurance in Texas without a license. Trip Assured, based in Crossville,...

Hallmark Financial Services Reports Reverse Stock Split

Jul 31 2006 // Fort Worth, Texas-based property/casualty insurer, Hallmark Financial Services Inc., announced a one-for-six reverse split of all issued and unissued authorized shares of its common stock effective as of the open of...

America First Insurance Offers Coverage to Texas Select Policyholders

Jul 28 2006 // Add America First Insurance, a member of Liberty Mutual Group, to the list of insurers that are actively working with Texas agents to assist policyholders with Texas Select Lloyds Insurance Company, which was recently put...

PLUS’ Texas Chapter to Hold Networking Reception Aug. 24

Jul 28 2006 // The Texas Chapter of the Professional Liability Underwriting Society is holding a networking reception on Thursday, August 24, 2006, from 5:00 p.m. to 7:00 p.m. at The Tap Room at Six in Austin, Texas. The group said the...