Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
New CPCUs Welcomed by Central Texas CPCU Society
Sep 26 2003 // The Central Texas Chapter of the CPCU Society (Chartered Property Casualty Underwriters) congratulates the following property and casualty insurance professionals on obtaining the CPCU designation: James Beene, Texas...
Homeowners Insurance Expects 8% Jump in 2004
Sep 22 2003 // Rapidly rising construction costs, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
HOMEOWNERS RATE REVIEWS OVER
Sep 22 2003 // The Texas Department of Insurance completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and five insurers were ordered to reduce rates from...
Bruce Milligan, President and CEO of Republic Group, Passes Away
Sep 22 2003 // The Republic Group of Insurance Companies, of Dallas, lost its president and chief executive officer, Bruce Robert Milligan on August 30, 2003. Milligan, 47, was at home when he unexpectedly passed away. He was a member of...
Occupational Fatalities in Texas at an All-Time Low
Sep 22 2003 // In 2002 Texas recorded the lowest number of occupational fatalities since data collection began in 1990, according to the Texas Workers’ Compensation Commission. A total of 417 fatal occupational injuries occurred,...
McLaughlin Receives Matt Wells Producer Development Scholarship
Sep 22 2003 // Jeff McLaughlin, a producer with Dallas-based McLaughlin Brunson Insurance Agency, was recently named the recipient of the Matt Wells Producer Development Scholarship. The scholarship—established by Insurance Journal...
National Lloyds Thrives Writing Low-Valued Dwellings
Sep 22 2003 // The experience of specialty homeowners carrier National Lloyds Insurance Co. illustrates that the fable of the tortoise and the hare is as true today as when Aesop told it to the village children who gathered ’round...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Is the Pendulum Swinging on Stowers’
Sep 22 2003 // Through its history in Texas jurisprudence, the Stowers doctrine, which creates excess liability for insurers based upon rejection of the settlement demand within limits, has shifted between a restricted concept and a...
TDI Says Over $48M Returned to Texas Insureds
Sep 19 2003 // The Texas Department of Insurance announced that more than $48 million was returned to Texas consumers during the past year as a result of actions by TDI’s Consumer Protection Division. The money came from premium...
TDI Stands by Rate Cuts for State Farm, Farmers
Sep 16 2003 // Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas...
Texas Mutual Announces Large Dividends for Purchasing Groups
Sep 16 2003 // Texas Mutual Insurance Company announced that two workers’ compensation purchasing groups will receive significant group dividends upon approval of the Texas Department of Insurance. The CompGroup AGC purchasing...
ISO Authorized to Provide Advisory Pricing Info to Texas Insurers
Sep 11 2003 // Insurance Services Office Inc. (ISO) announced that it is now able to provide advisory information services to Texas insurers for four lines of insurance—commercial auto, personal auto, homeowners and dwelling...
Final Round of Homeowners Rate Reviews Over for TDI
Sep 11 2003 // The Texas Department of Insurance (TDI) completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and 5 insurers were ordered to reduce rates...
Homeowners Insurance Expects 8% Jump in 2004
Sep 10 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
Acordia Acquires Houston Agency
Sep 9 2003 // Acordia Inc., a subsidiary of Wells Fargo & Company, announced acquired Wisenberg Insurance + Risk Management, a privately held insurance and risk management firm in Houston, Texas. The acquisition closed September 1,...
Alliance Disappointed in Insurance Score Class Action Ruling
Sep 8 2003 // The Alliance of American Insurers expressed disappointment with the Fifth Circuit Court of Appeals’ decision in DeHoyos v. Allstate Insurance Company, which was filed in Texas. The case stems from the Texas-based...
Rising to the Top With NAPSLO’s Advanced School
Sep 8 2003 // For four days in early November, experienced surplus lines professionals will have the opportunity to study current trends and issues in their industry at NAPSLO’s Advanced School. Although “RISE TO THE TOP of...
Hearings Underway on TDI Mandated Homeowners Rate Cuts
Sep 8 2003 // Eleven of the state’s largest homeowners carriers have filed appeals with the Texas Department of Insurance, requesting hearings on recent state-ordered rate cuts. On Aug. 8, 2003, Texas Insurance Commissioner José...
CLAUDETTE LOSSES AT $90M
Sep 8 2003 // The Insurance Council of Texas reported that Hurricane Claudette, which hit the Texas coast in July, caused an estimated $90 million in insured losses. Claudette came ashore July 15, striking land at Port O’Connor...
