Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Update: At Least 7 Dead After Storms in Oklahoma, Texas and Louisiana
Apr 24 2020 // Severe weather moved through the South on April 23 after killing at least seven people in Oklahoma, Texas and Louisiana, including a worker at a factory hit by an apparent tornado, a man whose car was blown off the road...
XPT Specialty Acquires Texas MGA, LP Risk
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
Deadly Tornadoes Slam Louisiana, Oklahoma, Texas
Apr 23 2020 // At least six people were killed and dozens were injured when tornadoes swept through Oklahoma, Louisiana and Texas on April 22, according to media reports. In a media release issued by the Texas governor’s office,...
Runyan Joins Homeowners of America Insurance in Texas as CFO
Apr 23 2020 // Homeowners of America Insurance Co. (HOAIC), a property/casualty insurance provider headquartered in Irving, Texas, appointed Richard B. Runyan as its new chief financial officer (CFO) effective March 16, 2020. Runyan...
Texas to Insurers: Credit Score Exemption Rules Apply During Pandemic
Apr 22 2020 // The Texas Department of Insurance (TDI) has issued a reminder to carriers that Insurance Code Section 559.103 provides for exceptions to the use of credit scores affected by certain events, including temporary job...
Analysis: It’s Not the Whole Texas Economy, But Energy Is a Critical Piece
Apr 22 2020 // If it lasts, this week’s plunge in oil prices could hit the Texas economy in ways that make it much harder for state and local governments to help the state’s residents. It’s part of a double whammy on...
Some Onsite Agent, Adjuster Licensing Exams Now Available in Texas
Apr 22 2020 // Texas insurance regulators say agents and adjusters can now take licensing exams at select sites in the state. The testing locations for Pearson VUE, the state’s testing contractor, had previously been closed do to...
SLTX: New Surplus Lines Complaint Notice Required Starting May 1
Apr 21 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that a revised complaint notice for surplus lines insurance policies has been adopted by the Texas Department of Insurance (TDI). The revised notice must be...
TWFG Acquires Personal, Commercial Business of Texas’ Panoptic Insurance
Apr 21 2020 // TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance. The acquisition is effective April 17, 2020. Panoptic Insurance,founded in...
TDI Modernization Efforts Paying Off During Pandemic, Commissioner Says
Apr 20 2020 // The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on...
Business Moves
Apr 20 2020 // East The Hilb Group, D.F. Dwyer & Associates The Hilb Group LLC has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC. The transaction became effective February 1, 2020. Based in Newport,...
Texas Windstorm Insurer Implements Accommodations for Policyholders
Apr 20 2020 // Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the...
Texas Mutual to Distribute $330M in Policyholder Dividends Early
Apr 20 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months earlier than scheduled. The company said it has historically paid dividends...
Texas Surplus Lines Premium Increases in Q1 2020
Apr 20 2020 // Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas...
Who Got Money in Small Business Paycheck Protection Program?
Apr 17 2020 // WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture...
Texas Urges Insurers to Work with Commercial Customers on Premium Adjustments
Apr 15 2020 // The Texas Department of Insurance has issued a bulletin to insurers to urging them to work with commercial policyholders that have premiums based on payroll, sales, or a similar auditable exposure. TDI requests that...
Texas’ Oil and Gas Regulators Not Ready to Cut Production
Apr 15 2020 // Facing a steep drop in oil demand with much of the world staying home to practice social distancing, more than 55 energy executives, analysts and critics appeared one after another Tuesday at a video meeting of the Texas...
Texas DWC Adopts Emergency Rule on Telemedicine, Telehealth
Apr 14 2020 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has adopted a new emergency rule relating to telemedicine and telehealth for physical medicine and rehabilitation services. New 28 Texas...
Texas Delays FAIR Plan Rate Changes; OKs Windstorm Insurer Policy Forms
Apr 13 2020 // The Texas Department of Insurance has moved the effective date of approved rate changes for the state’s FAIR Plan from May 1, 2020, to Aug. 1, 2020. TDI said the date change was due to the impact of the coronavirus...
Woodlands Insurance Acquiring Gulfstream’s Texas Homeowners Renewal Rights
Apr 13 2020 // The Woodlands Insurance Co. (TWICO) has completed a renewal rights agreement with Florida’s Gulfstream Property & Casualty Insurance Co. (Gulfstream) to acquire Gulfstream’s book of homeowner business in...
