Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Roach Howard Smith & Barton Founder, Richard H. Roach, Passes
Feb 11 2016 // Texas-based insurance firm, Roach Howard Smith & Barton (RHSB), recently announced that founding partner Richard H. Roach has passed away. Expressing “deep sorrow and condolences to Richard’s family and...
P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State
Feb 10 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best...
25 Texas Counties Declared Federal Disaster Areas
Feb 10 2016 // More than two dozen Texas counties are now eligible for federal help following deadly end-of-December blizzards and tornadoes. President Barack Obama declared 25 counties federal disaster areas. Gov. Greg Abbott on Jan. 26...
U.S. Victims of Mexican Drug Gangs Sue HSBC Bank Under Anti-Terrorism Act
Feb 10 2016 // Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their...
Texas Seeks Applicants for Medical Liability Insurance Underwriting Assoc. Board
Feb 9 2016 // The Texas Department of Insurance is accepting applications through March 11 for two public member positions on the Texas Medical Liability Insurance Underwriting Association board of directors. The appointment terms are...
Texas Stamping Office: U.S. Surplus Lines Growth Continued in 2015
Feb 8 2016 // Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed...
Texas Supreme Court: Loss-of-Use Damages Allowed in Total Loss Cases
Feb 8 2016 // Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so,...
Dozens of Dangerous Chemical Plants Operate near Public Centers in Texas: Report
Feb 8 2016 // Dozens of Texas plants similar to a fertilizer facility that exploded in the town of West in 2013, one of Texas’ worst industrial accidents, are still operating near schools, hospitals and residential neighborhoods,...
People – South Central
Feb 8 2016 // Specialist (re)insurer, Lloyd’s, appointed Dr. Enya He as regional director for its newly-established South Central United States region. She will be based in Dallas and be responsible for market development...
Texas Led Nation in Cat Losses in 2015
Feb 8 2016 // Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses well over $3 billion, according to an insurer trade group The state had more than three times as many claims and almost three times the...
P/C Retail, Wholesale Agency M&A Activity Brisk in 2015
Feb 8 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy...
Business Moves
Feb 8 2016 // Aspen, AgriLogic Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspen’s specialty insurance...
Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters
Feb 8 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released...
Fatal Explosion at ‘Texas’ Musical Venue Leads to OSHA Citations
Feb 5 2016 // Federal safety regulators have cited a performing arts employer after 21-year-old worker died following a pyrotechnics explosion at a musical venue in Canyon, Texas. Texas Panhandle Heritage Foundation Inc. was cited for...
Aspen MGA to Acquire Midlands Management’s Texas Personal Auto Book
Feb 5 2016 // Aspen Managing General Agency (MGA) and Midlands Management of Texas announced that Aspen MGA has acquired the renewal rights of the Texas personal auto business currently managed by Midlands Management. Richard Bird,...
Sexually-Transmitted Zika Virus Case Confirmed in Texas
Feb 4 2016 // Health officials on Feb. 2 reported that a person in Texas has become infected with the Zika virus through sex in the first case of the illness being transmitted within the United States amid the current outbreak in Latin...
Texas Governor Announces Appointments to State Risk Management Board
Feb 3 2016 // Texas Governor Greg Abbott has appointed Gerald Ladner, Sr. and reappointed Rosemary Gammon for terms set to expire on Feb. 1, 2021, to the board of the State Office of Risk Management. Dr. Lloyd Garland was named as...
Texas Extends Reporting Period for Workers’ Comp Non-Subscriber Status
Feb 2 2016 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced a grace period for employers without workers’ compensation insurance coverage or that terminated their coverage...
West Texas Wildfire Destroys 7 Homes
Feb 2 2016 // An official says a wildfire destroyed seven homes in a rural area near the West Texas town of Eula. Meanwhile, a wildfire burned almost 3 square miles of ranch land north of Amarillo. The fires, which both started on Jan....
Aspen MGA Entering Texas Private Passenger Auto Market
Feb 2 2016 // Aspen Managing General Agency (MGA) announced it is entering the Texas private passenger auto market on March 1, 2016, led by industry veteran Paul Harrison. Aspen MGA is a division of Allstar Financial Group, an...
