Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas to Receive $1M from Multi-State Settlement with Disability Insurers
Dec 22 2004 // The Texas Department of Insurance announced its participation in a nationwide settlement with three disability insurers owned by UnumProvident Corp. over allegations of improper claims handling practices. The settlement...
TWCC Announces Discount and Interest Rate
Dec 22 2004 // The Texas Workers’ Compensation Commission reported it has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act (Texas Labor Code, Section 401.023), that beginning...
Dallas Industry Day Focuses on Profitability, Tort Reform, Ratings
Dec 20 2004 // Texans like to say everything is bigger in Texas, but economist Robert P. Hartwig came to Dallas to explain that big numbers alone aren’t worthy of celebration. The Texas insurance industry, for example, enjoys big...
MISS. SUPREME COURT THROWS OUT $80M VERDICT:
Dec 20 2004 // The Mississippi Supreme Court has thrown out an $80 million damage award involving a breach of contact lawsuit in Copiah County. The justices said the case was erroneously filed in Mississippi and should have been filed in...
IIAT SAYS HOMEOWNERS RATES DOWN:
Dec 20 2004 // Homeowners who buy insurance from independent insurance agents in Texas should be seeing lower premiums and better coverages, according to a survey conducted by the Independent Insurance Agents of Texas of its 1,800-member...
People & Places
Dec 20 2004 // Donald Woodard The Independent Insurance Agents of Houston installed Donald E. (Woody) Woodard, Jr. as the association’s president for 2004-2005. Woodard began his insurance career in 1973 at Houstoun Stevenson and...
Texas: The Clash of the Titans
Dec 20 2004 // In September 2003, responding to the Legislature’s passage of the insurance regulatory reform measure, Senate Bill 14, the Texas Department of Insurance mandated rate cuts for 29 of the state’s homeowners...
Texas AG Sues Nation’s Third-largest Jewelry Chain, Alleging Consumer Insurance Deceptions
Dec 20 2004 // Texas Attorney General Greg Abbott announced his office has sued Friedman’s Inc. of Savannah, Ga., the nation’s third-largest jewelry chain, alleging the company misled its customers about the level of...
Health Care Service May Add Okla.’s Largest Insurer
Dec 17 2004 // Health Care Service Corp. is considering adding Blue Cross and Blue Shield of Oklahoma to its network of insurance providers in Illinois, Texas and New Mexico, according to the Associated Press and the Tulsa World. The...
TxDOT Backs $600M in Statewide Safety Projects; Economic Cost of Crashes Exceeds $19.7B
Dec 16 2004 // The Texas Department of Transportation (TxDOT) is giving Texans something to celebrate this holiday season – the largest single roadway safety program it has ever undertaken. At just over $600 million, it will...
Countrywide Lowering Homeowners Rates in Texas
Dec 16 2004 // Countrywide Insurance Group (CIG) announced that its Texas insurance entity, Balboa Lloyds Insurance Company, has voluntarily lowered its rates on homeowners insurance by an average of 20 percent in Texas. This homeowners...
Whiteside, Broussard Elected Officers of Texas Mutual Board of Directors
Dec 15 2004 // Texas Mutual Insurance Company announced that Charles Whiteside Ph.D. will serve as the 2005 vice chair and Judy Broussard will serve as the secretary on the Texas Mutual board of directors. Dr. Whiteside is the president...
Hibernia Opens First Texas Commercial Insurance Office
Dec 14 2004 // Hibernia Insurance Agency LLC, the insurance affiliate of Hibernia National Bank, announced the opening of its first Texas commercial insurance office. The office will serve the insurance and risk management needs of...
Central Texas Insurance Day Scheduled for March 9
Dec 14 2004 // The Central Texas Chapter of CPCU and the Austin Association of Insurance Professionals announced that their 34th Annual Insurance Day will be held March 9, 2005, at the Doubletree Hotel in Austin, Texas. Speakers for the...
Texas Occupational Injury, Illness Rate Lower than National Rate for 14th Straight Year
Dec 14 2004 // The Texas Workers’ Compensation Commission (TWCC) reported that in the latest reporting period for nonfatal workplace injury and illness incidence rates, Texas was lower than the national rate. In 2003, the Texas...
Texas Mutual Announces New Purchasing Group
Dec 10 2004 // Texas Mutual Insurance Company announced its newest workers’ compensation purchasing group: the Texas Sign Association. The group will provide qualifying members with a competitive option for workers’...
Magna Carta Expanding into Texas, Midwest
Dec 10 2004 // Magna Carta Companies announced its initial entry into the Texas and Midwest commercial lines insurance markets with the opening of new branch offices located at 13727 Noel Road in Dallas, Texas, and 303 West Madison...
Texas Orders Prior Approval of Rates for State Farm
Dec 9 2004 // State Farm, the largest home insurer in Texas, must continue to get prior approval from the Texas Department of Insurance before making rate changes because the company is overcharging customers, the Associated Press...
Montemayor Issues Statement on Farmers Settlement
Dec 7 2004 // Texas Insurance Commissioner José Montemayor released the following statement on the state’s settlement agreement with Farmers Insurance Company on homeowners rate reductions: “I have reached an agreement with...
Texas Judge Denies State Farm Injunction Request
Dec 6 2004 // A state district judge recently ruled in favor of the Texas Department of Insurance (TDI) and its efforts to recoup more than $100 million for customers of State Farm Lloyds, an amount the agency contends the company...
