Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Oil/Gas Drilling Permits Down But Well Inspections on Track
Jan 14 2021 // The Texas state agency for regulating the oil and gas industry says it issued the number of original drilling permits issued in December 2020 was down nearly by half compared with December 2019. However, the Railroad...
Texas Hospitality Sector Hardest Hit in Pandemic; State Has $1B Budget Hole
Jan 12 2021 // The coronavirus pandemic has created a nearly $1 billion deficit in the Texas state budget as the nation’s energy hub remains hampered by a slow recovery and a half-million fewer jobs than a year ago. The forecast by...
Agent Standards Among Texas Windstorm Insurer’s Legislative Proposals
Jan 12 2021 // In its recently published report to the legislature, the windstorm insurer of last resort for properties along the Texas coast has proposed several operational changes, including one that would allow it to develop...
Texas Denies Windstorm Insurer’s Rate Hike Request
Jan 11 2021 // Texas regulators have denied a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast. The Texas Department of Insurance (TDI) has rejected the...
Texas Bills Push Tougher Chemical Tank Rules to Stem Explosions, Spills
Jan 8 2021 // Deer Park, Texas, residents sheltered in place. The Houston Ship Channel shut down. Toxic chemicals spilled during Hurricane Harvey. And just last month, seven people were injured in a Corpus Christi fire. These are the...
Study Shows Impact of Property Protections on Texas Windstorm Insurer Rates
Jan 7 2021 // A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for...
Advocates Hope Texas Will Ease Medical Marijuana Restrictions
Jan 7 2021 // Five years after Texas legalized medical marijuana for people with debilitating illnesses, advocates and industry experts say the state’s strict rules, red tape and burdensome barriers to entry have left the program...
Global Risk Solutions Acquires Texas Energy Loss Specialist, R Winkler & Co.
Jan 6 2021 // Claims adjusting and environmental risk management solutions provider, Global Risk Solutions Inc., has acquired specialist energy sector adjusting and consultancy firm R Winkler & Co., based in Sugar Land, Texas. Terms...
National Lloyds in Texas Rebrands as National Summit Insurance
Jan 5 2021 // Dallas-based National Lloyds Insurance Co. (National Lloyds), a subsidiary of ReAlign Insurance Holdings Inc. (ReAlign), has rebranded as National Summit Insurance Co. (National Summit). The rebranding follows the...
Global Risk Solutions Acquires Texas’ Tailored Adjustment Services
Jan 4 2021 // Global Risk Solutions Inc., a provider of property/casualty claims, environmental risk management and complex claims products and services, has acquired Tailored Adjustment Services Inc., based in Colleyville,...
Texas U.S. Attorney: Luxury Jeweler Pays Serviceman in Discrimination Case
Dec 30 2020 // The U.S. Attorney’s Office for the Southern District of Texas reported that luxury jeweler Harry Winston has paid a U.S. Army reservist to resolve a claim the company violated the Uniformed Services Employment and...
Texas’ Move to Control Coal Ash Pollution Could Mitigate Tougher EPA Rules
Dec 30 2020 // Texas may soon get authority over the disposal of ash from coal-fired power plants, a change that could insulate coal companies from tougher rules expected under a Biden administration. A proposal introduced by the U.S....
Slew of Cannabis-Related Bills Filed in Advance of 2021 Texas Legislature
Dec 29 2020 // Marijuana seems to be on the minds of Texas legislators judging from the many cannabis-related bills that have been filed so far in advance of the Texas legislative session that begins in January. Many of the filed bills...
Texas Surplus Lines Stamping Office: Fee Decreases on Jan. 1, 2021
Dec 23 2020 // The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021. The...
Workplace Fatalities Increased By 25% in Texas in 2019
Dec 22 2020 // The number of work-related fatalities in Texas rose by 25% in 2019. A report on fatal occupational injuries in 2019 released by the Texas Department of Insurance, Division of Workers’ Compensation (DWC) shows there...
Through November, Texas Surplus Lines Premium 12% Higher than Last Year
Dec 21 2020 // Texas surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX) rose to $587.46 million in November. The recorded premium year to date as of November is 12.3% higher than that of the same period...
Liquidation Sought for Texas Nonstandard Auto Insurer, ACCC
Dec 21 2020 // An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. ACCC Insurance Co. was placed into receivership on Oct....
Arthur J. Gallagher Acquires Texas Benefits Broker, PIATX
Dec 18 2020 // Arthur J. Gallagher & Co. has acquired San Antonio-based PIATX LLC. Terms of the transaction were not disclosed. Founded in 2009, PIATX is an employee benefits broker and consultant focused on delivering responsive and...
Texas Workers’ Compensation System’s Path to Wellness
Dec 16 2020 // Since 2003, insurance rates in the Texas workers’ compensation system have dropped by nearly 72 percent, according to a new study released by a research group within the state’s insurance department. In 2003,...
Georgia Nonstandard Auto Insurer to Assume Business of Troubled Texas Carrier, ACCC
Dec 15 2020 // A portion of the personal auto insurance business of a Texas insurance company that appeared to be headed for liquidation at the end of November is being assumed by a Georgia-based insurer. Embark General, headquartered in...
