Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction
Apr 17 2014 // A Fort Worth man faces ten years in federal prison following a conviction for insurance fraud, the Insurance Department of Texas reported. Caleb Deason, an insurance agent for Transamerica Life Insurance Co., was convicted...
GM Bankruptcy Shield from Claims May Cut Payouts by Billions
Apr 17 2014 // General Motors Co.’s move to freeze ignition-defect lawsuits in California and Texas has solid legal precedent behind it and could help slash customer demands for compensation by billions of dollars. GM asked federal...
Industry Pushing Back in Texas Against Fertilizer Plant Safety Requirements
Apr 17 2014 // The state fire marshal wants 46 facilities that store ammonium nitrate in Texas to make safety improvements following the deadly West fertilizer plant explosion last year. State Fire Marshal Chris Connealy proposed new...
Multiple Twisters Hit South Central States, Cause Minor Damage
Apr 16 2014 // Tornadoes that hit the South Central states of Arkansas, Oklahoma and Texas over the past weekend caused minimal damage but with them Oklahoma saw the end of its eight-month twister-less streak. Surveys by National Weather...
Texas Windstorm Insurer Opens 24-Hour Claims Call Center
Apr 15 2014 // The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail along the Texas coast, reported it has established a Claims Call Center that is open 24 hours, seven days a week. TWIA is encouraging...
Specialty Insurance Managers Launches High Value Homeowners Program
Apr 14 2014 // Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans...
Texas Jury Awards $4.6M in Suit Over Fatal Crash
Apr 14 2014 // A jury has awarded a West Texas family $4.6 million in a lawsuit it had filed against three trucking companies related to a 2010 crash that killed two men. The El Paso Times reports the jury found the companies were...
Family of Texas ‘Affluenza’ Teen to Pay Only Fraction of Rehab Fee
Apr 14 2014 // The family of a Texas teenager sentenced to probation after killing four people in a drunken-driving wreck will pay for just a fraction of his court-ordered treatment, a court official testified. Ethan Couch’s...
Washington Insurance Commissioner Fines Insurance Producers
Apr 10 2014 // Washington Insurance Commissioner Mike Kreidler issued fines totaling $23,050 against insurance companies, agents and brokers who violated state insurance regulations. The disciplinary actions and fines were levied from...
Texas Regulators OK Formation, Redomestication of Captive Insurers
Apr 10 2014 // The Texas Department of Insurance (TDI) announced the formation of a new captive insurer and the redomestication of two other captive entities have been approved under new rules adopted to implement Senate Bill (SB)...
Oklahoma’s Workers’ Comp Administrative Redesign Takes Effect
Apr 10 2014 // The transition of Oklahoma’s workers’ compensation system from a court-based system to an administrative one became effective Feb. 1, 2014, a change that proponents believe will lower costs and help make the...
Otis Appointed CEO of Texas-Based National Lloyds Corp.
Apr 10 2014 // Waco, Texas-based National Lloyds Corp., an insurance holding company and wholly owned subsidiary of Hilltop Holdings Inc., hired industry veteran Robert Otis as chief executive officer effective April 1, 2014. Otis joins...
Estimate of Insured Losses in North Texas Storms Reaches $300M
Apr 9 2014 // The storms that rolled across the Denton area in north Texas in early April are estimated to have caused $300 million in insured losses. The area was hit by softball size hail and three tornadoes. The thunderstorms erupted...
Commissioner: Opioid Drug Prescriptions Declining in Texas Work Comp System
Apr 8 2014 // Texas Commissioner of Workers’ Compensation Rod Bordelon told the Texas House Committee on Public Health that the number and cost of opioid drug prescriptions in the Texas workers’ compensation system has...
Fabors Named President of Texas-Based RISC
Apr 8 2014 // Dallas, Texas – based RISC announced that Shawn O. Fabors was named president of the company upon the retirement of William D. Staub, Jr. The transition was effective Apr. 1, 2014. Staub joined RISC as president in...
Ott Stepping Down as President, CEO of Texas Medical Liability Trust
Apr 8 2014 // Austin-based Texas Medical Liability Trust (TMLT) announced that Charles R. “Chip” Ott Jr. is stepping down from his role as TMLT’s president and chief executive officer (CEO) effective June 30 to...
Flooded Austin, Texas Homes to Be Demolished
Apr 7 2014 // Demolition has begun on some Central Texas homes left unlivable after flooding during deadly fall storms. The Austin American-Statesman reported that crews are concentrating on Onion Creek neighborhoods. Late October and...
Top 10 States and Cities for Job Growth
Apr 7 2014 // North Dakota, California, Texas and Florida did well in job growth in 2013 while Arkansas and Pennsylvania lagged and West Virginia was the only state to lose jobs. Overall, 12 states showed job growth of at least two...
People – South Central
Apr 7 2014 // Houston, Texas-based independent Insurance agency, Brady, Chapman, Holland & Associates Inc., elected Timothy J. Brady to senior vice president and equity partner. Prior to joining BCH, Brady gained experience in the...
Business Moves
Apr 7 2014 // Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in 1932, Spataro Insurance Agency is a retail insurance broker providing property/casualty, risk...
