Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Vesta subsidiaries to be liquidated
Jul 24 2006 // On July 18 the Texas Department of Insurance announced that Vesta Fire In-surance Company (Vesta Fire) and its Texas subsidiary insurance companies were being placed into liquidation. Notices were sent out to agents to...
HIGHER WINDSTORM RATES
Jul 24 2006 // Although many in the insurance industry don’t think they are going up enough, the Texas Windstorm Insurance Association (www.twia.org) is set to raise its rates effective Sept. 1 for new and renewal policies....
Coastal communities only halfway ready for a major storm
Jul 24 2006 // Survey finds Louisiana, Mississippi, Alabama and Georgia most prepared Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover...
People and Places
Jul 24 2006 // Privately owned insurance and risk management firm McQueary Henry Bowles Troy LLP (MHBT), announced that Chuck Hoffmann re-joined the firm’s Dallas office as senior vice president of Personal Insurance...
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Bid deadline for verification system looms
Jul 24 2006 // The Texas Department of Insurance revised the bid deadline for competitive offers from individuals and/or entities for the establishment of a motor vehicle financial responsibility program in accordance with the terms of...
Texas Mutual Expands Lone Star Auto Dealers Group Coverage Program
Jul 21 2006 // Texas Mutual Insurance Company has expanded its Lone Star Auto Dealers (LSA) workers’ compensation purchasing group. The group is now open to franchised motorcycle, RV and boat dealerships as well as franchised auto...
IIAT Names Wagner Territorial Manager for North Texas
Jul 20 2006 // Insurance Agents of Texas has appointed of Dave Wagner as the new territorial manager for North Texas. Wagner will be responsible for marketing IIAT endorsed programs and other membership benefits. “Dave brings a...
Texas Sign Association Earns First Dividend from Texas Mutual
Jul 20 2006 // Texas Mutual Insurance Company announced a $20,255 dividend to the Texas Sign Association (TSA) Comp Group Inc. The workers’ compensation purchasing group, formed in November 2004, earned a dividend in its first year...
CorVel Certified as Texas Workers’ Compensation HCN
Jul 20 2006 // CorVel Corporation announced that its health care network (HCN) has been certified by the Texas Department of Insurance’s Division of Workers’ Compensation. In preparation for its certification, CorVel...
Vesta Fire and Subsidiaries Headed for Liquidation in Texas
Jul 19 2006 // Vesta Fire Insurance Company (Vesta Fire) and its Texas subsidiary insurance companies have begun issuing notices to agents to cease writing new and renewal insurance business, including homeowners policies for Texas...
Anco Insurance Receives America First President’s Award
Jul 19 2006 // Bryan, Texas-based Anco Insurance Managers LTD announced it has been given the 2006 President’s Award by America First Insurance Company. Ray Jimenez and Mike Hughes of America First made the presentation at...
Texas Mutual Pays $1.7M Dividend to TxOGA Group
Jul 19 2006 // Texas Mutual Insurance Company reported a $1,789,062 dividend to the Texas Oil and Gas Association (TxOGA) workers’ compensation purchasing group. TxOGA has received over $3.5 million in Texas Mutual group dividends...
Texas Fines Carrier for Late Payment of Workers’ Comp Benefits
Jul 19 2006 // Texas’ State Office of Administrative Hearings (SOAH) recently ordered University Health System to pay a fine of $2,500 to the Texas Department of Insurance, Division of Workers’ Compensation (DWC) for late...
Texas’ Insurance Verification Program Won’t Go Online This Year
Jul 18 2006 // Texas’ proposed program to verify that motorists have auto insurance is on hold until next year while the state figures out the best way to manage the data of 15 million drivers. Officials said the program, which the...
Texas Regulators: Houston ISD and Benefits Firm Took Part in Illegal Deal
Jul 17 2006 // The Houston Independent School District and its employee benefits firm illegally profited from a deal they have with three other school districts, according to the Texas Department of Insurance. New York-based Mercer Human...
Langford Honored With Raymond Mauk Award
Jul 14 2006 // James Langford, an assistant vice president at the Texas Farm Bureau Insurance Companies, was presented the Raymond Mauk Leadership Award July 13, at the 14th Annual Mid-Year Property and Casualty Symposium. Langford...
New Bid Deadline for Texas’ Insurance Verification System Looms
Jul 14 2006 // The Texas Department of Insurance revised the bid deadline competitive offers from individuals and/or entities for the establishment of a motor vehicle financial responsibility program for the verification of whether...
USI Holdings Acquires Texas’ Frank Siddons Insurance
Jul 12 2006 // USI Holdings Corporation, based in Briarcliff Manor, N.Y., announced the acquisition of Austin, Texas-based Frank Siddons Insurance. The acquisition of this surety and commercial lines broker is expected to contribute...
IIAT Publishes Texas Agency Catastrophe Planning Guide
Jul 12 2006 // After 15 years of quiet, the Texas Gulf Coast woke up last year to the possibility of a windstorm so severe that it could devastate coastal property for years, affect the economy of the entire state, and strain the ability...
