Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
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...
Germania Insurance to Return Nearly $6M to Personal Auto Customers in Texas
Apr 9 2020 // In light of the reduction in drivers on the road due to COVID-19 epidemic, Texas-based Germania Insurance will give back nearly $6 million in credits to its personal auto insurance policyholders. The company said through...
Coast Guard Orders Cruise Ships in Galveston to Form Medical Plans
Apr 9 2020 // The U.S. Coast Guard has determined that crew members on cruise ships and vessels in Galveston, Texas, present a public health risk of spreading the new coronavirus and urged operators to form medical plans to care for...
Texas Surplus Lines Filings Up 14.5% in Q1 2020 Compared with Q1 2019
Apr 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines insurance premium recorded for the first quarter of 2020 is up 14.5% compare with the same period last year. Additionally, the Q1 2020...
Texas Windstorm Insurer Lowers Initial Premium Amount Due; Extends Payment Deadline
Apr 7 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 Two Months Early
Apr 7 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months early than scheduled. The company has historically paid dividends in June,...
Implementation of New Texas Coastal Building Code Extended to September
Apr 6 2020 // The start date for implementation of the new building code standard for Texas’ property insurance provider for wind and hail in counties along the state’s coastline has been extended. The Texas Department of...
Chubb Vows No Layoffs During Coronavirus Crisis; Pledges $10 Million to Relief Efforts
Apr 6 2020 // Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief...
