Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Business Moves
Nov 20 2017 // AmWINS, Willis Towers Watson Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. The...
Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas
Nov 20 2017 // Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton...
People
Nov 20 2017 // Tricia Wilson has joined insurance broker Holmes Murphy as an account executive, specializing in property/casualty for the Dallas market. Wilson comes to Holmes Murphy with more than 18 years of industry experience. Over...
Texas Surplus Lines Premium Up 6% for the Year
Nov 17 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over 2016, according to the Surplus Lines Stamping Office of Texas (SLTX). Providing an update at the annual...
Rate Increases Approved for Texas Automobile Insurance Plan Association
Nov 17 2017 // Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the...
Texas Weather Forensics Company Unveils Hail Intensity Assessment Product
Nov 16 2017 // Plano, Texas-based weather forensics company, Dynamic Weather Solutions (DWS) dba HailStrike, announced the launch of a product that indicates the intensity of hail within an area of a storm. The value of this specified...
Sprowls Elected President of Texas Surplus Lines Association
Nov 15 2017 // Garrett Sprowls, general counsel and managing broker of Austin-based Professional Lines Underwriting Specialists Inc. (PLUS Inc.), has been elected president of the Texas Surplus Lines Association Inc. (TSLA). Other newly...
Texas Division of Workers’ Comp: Employees Stepped Up to Help After Hurricane
Nov 15 2017 // When Hurricane Harvey devastated the Houston area two months ago, Texas Department of Insurance, Division of Workers’ Compensation employees around the state responded rapidly. DWC increased staffing on the customer...
Austin American-Statesman: Texas Has 100s of Substandard Dams in Populated Areas
Nov 14 2017 // The earthen dam on the outskirts of Georgetown in Texas’ Williamson County certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a...
Insurance Council of Texas Scholarships Top $1 Million Mark
Nov 14 2017 // On November 15, the Insurance Council of Texas (ICT) Education Foundation will join the University of North Texas (UNT) in Denton to celebrate the Education Foundation’s surpassing $1 million dollars in scholarships...
Fitzpatrick Elected Chair of Insurance Council of Texas Board
Nov 13 2017 // The Insurance Council of Texas (ICT) has elected Thomas Fitzpatrick as chair of the ICT board of directors, beginning Jan. 1, 2018. Fitzpatrick has served on the ICT board since 2008 and most recently served as vice-chair...
Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas
Nov 8 2017 // Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton...
Flooded Texas Residents Sue over Water Releases During Harvey
Nov 6 2017 // More than 120 Southeast Texas residents have signed on to a federal lawsuit alleging that the U.S. Army Corps of Engineers illegally took their property when it released water from a reservoir and a dam during Hurricane...
Commissioner Denies Texas Windstorm Insurance Association Request to Raise Liability Limits
Nov 6 2017 // Texas Insurance Commissioner Kent Sullivan in mid-October declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA filed a...
BRONZE Best Agency to Work For – Garrett Insurance Agency
Nov 6 2017 // A family-owned insurance agency doesn’t make it to 100 years and counting without doing a lot of things right, and the fact that Garrett Insurance Agency (GIA) in Kerrville, Texas, celebrates a century of service...
Interim Charges for Texas Lawmakers Focus on Harvey’s Impact
Nov 6 2017 // In laying out the interim committee charges for the next legislative session, which will begin in January 2019, Texas House Speaker Joe Straus focused on Hurricane Harvey’s impact on the state. Almost every House...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Hurricane Damage Tracked by East Texas Company’s Drones
Nov 3 2017 // Unmanned aircraft helped a Nacogdoches, Texas, business survey hurricane damage with a degree of speed and safety once thought impossible. The Daily Sentinel reports after Hurricane Harvey battered the Texas coast and...
Brown Joins NFP as Managing Director for Central Texas
Nov 3 2017 // Insurance broker and consultant, NFP Corp., has hired Kevin Brown as a managing director in its Austin, Texas, office. He will lead NFP’s retail sales and distribution operation, serving the Central Texas market, and...
Texas Hurricane Czar: State Needs $61B from Feds for Harvey Recovery
Nov 2 2017 // Texas needs $61-plus billion in federal funding just to rebuild public infrastructure damaged by Hurricane Harvey, as well as to cover projects to prevent future flooding. John Sharp, Texas’ Harvey recovery...
