Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
NAII Opposes Water Damage Claim Restrictions in Texas
Oct 25 2002 // A representative from the National Association of Independent Insurers (NAII) spoke in opposition to proposed regulation prohibiting the use of prior water damage claims in the underwriting or rating of residential...
IIAT Names Wade Director of Insurance Programs
Oct 23 2002 // The Independent Insurance Agents of Texas named William Wade director of Insurance Programs. Wade will be responsible for strategic planning, implementation and management of IIAT’s wide variety of quality insurance...
Texas Construction Co. Indicted for Fraud
Oct 16 2002 // A Travis County (Texas) Grand Jury indicted Stan and Cynthia Doze, operators of Doze Construction Co. Inc., on a second-degree felony charge related to workers’ compensation premium fraud. The Doze Construction Co....
Montemayor Hears Testimony on Last-Resort Options
Oct 15 2002 // Angry agents from Farmers Insurance Group confronted Insurance Commissioner Jose Montemayor during a recent public hearing on Texas Department of Insurance proposals designed to increase the availability of homeowners...
Election Chatter or Solutions’
Oct 14 2002 // Tell them what they want to hear or offer true solutions? That is the question facing the candidates who are running for offices in California and Texas this Nov. 5. Two of the races—the race for insurance commissioner...
Election Chatter or Solutions’
Oct 14 2002 // Tell them what they want to hear or offer true solutions? That is the question facing the candidates who are running for offices in California and Texas this Nov. 5. Two of the races—the race for insurance commissioner...
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
COLONIAL CASUALTY IN TROUBLE
Oct 14 2002 // A Travis County Grand Jury handed down indictments to a Texas couple alleging that the two stole over $1 million from Colonial Casualty Insurance Company, a workers compensation insurance company based in Dallas. The...
FISHER SAYS OKLAHOMANS ARE SAFE
Oct 14 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Oklahoma Insurance Commissioner Carroll Fisher issued an announcement clarifying that consumers in his...
Strong Action Needed to Stabilize Homeowners Market
Oct 14 2002 // The Texas homeowners insurance market—like many around the nation—is experiencing rising premiums, controversy over mold claims and debate over the use of credit scoring. Texans purchase 3.9 million homeowners...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
AIA Supports Texas’ Development of Stopgap Residual Market
Oct 11 2002 // Given the increasingly complex situation created by Farmers Insurance Group’s recent announcement to leave the Texas homeowners insurance market, the American Insurance Association (AIA) supports the efforts of the...
Seven Found Guilty in Texas of Alleged Water/Mold Scheme
Oct 11 2002 // The Texas Department of Insurance (TDI) announced that seven people who were arrested in the Houston-area in connection with an alleged scheme to defraud insurance companies by intentionally flooding homes and filing bogus...
Alliance’s Woods Testifies Before TDI on Homeowners Crisis
Oct 11 2002 // In testimony before the Texas Department of Insurance (Docket No. 2535) on the departments’ plans to implement stopgap measures to help prevent a homeowners insurance market meltdown, Joe Woods, Southwest regional...
TDI Closes Alleged Houston-Based Scam
Oct 9 2002 // Texas Insurance Commissioner Jose Montemayor issued an emergency cease-and-desist order to shut down an unlicensed Houston-based entity that provides back-up coverage for questionable health plans that cover the employees...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
AFACT Says Plenty of Companies Staying in Texas
Oct 4 2002 // The Association of Fire and Casualty Companies of Texas (AFACT), a property/casualty insurance trade association, announced that its member companies are still offering homeowners policies to Texas consumers and asserted...
Texas WC Discount, Interest Rate Set
Oct 4 2002 // The Texas Workers’ Compensation Commission has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act (Texas Labor Code, Section 401.023), that any interest or...
Underwriters’ TX Homeowners Rating System Now Free
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link. The online rater...
TDI Expands Homeowners Options
Oct 4 2002 // Texas Insurance Commissioner Jose Montemayor initiated two actions—a statewide expansion of the Texas Windstorm Insurance Association (TWIA) and triggering of state market assistance programs, called the FAIR (Fair...
