Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Average Long Term Care Liability Claim Rising: Aon Study
Jun 17 2011 // Long term care liability costs are rising because the average claim size is increasing even as claim frequency declines. There has been a four percent increase in the average claim size, according to research by Aon Risk...
Texas House Approves Windstorm Insurance Changes
Jun 17 2011 // The Texas House approved widespread changes on June 15 to the Texas Windstorm Insurance Association, the organization that insures people who live along the coast. The House passed the bill on a 99-41 vote. The bill must...
Texas Workers’ Comp May Enforcements Bring More than $70K in Fines
Jun 15 2011 // Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for May 2011 resulted in more than $70,000 in fines. Division of Workers’ Compensation final...
Texas Woman Sentenced in Workers’ Comp Fraud Case
Jun 15 2011 // Texas Mutual Insurance Company reported that a Travis County district court sentenced Ellynn A. Ogilvie of Houston to five years of probation, 450 community service hours and a $2,000 fine for workers’ compensation...
Texas Agents to Lend Helping Hand to Houston’s KIPP PEACE Campus
Jun 14 2011 // The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies, insurance representatives and other insurance professionals from across the state will gather in Houston, June 22-24, for IIAT’s 114th...
Rio Grande Valley Insurance Broker Sentenced to Prison
Jun 13 2011 // A 47-year-old Harlingen man was sentenced to more than three years in federal prison for a scheme to defraud a Rio Grande Valley hospital of more than $3.8 million by selling it nonexistent and altered insurance...
Federal Appeals Court Reverses Ruling on Texas ‘Ambulance Chasing’ Bill
Jun 10 2011 // A federal court of appeals has overturned a lower court’s ruling that an “anti-ambulance chasing” bill in Texas is unconstitutional. The U.S. Court of Appeals for the Fifth Circuit determined that U.S....
Texas Windstorm Insurance Association Purchases Reinsurance
Jun 10 2011 // The Texas Windstorm Insurance Association (TWIA) announced it has purchased $636 million in reinsurance protection. The policy will cover losses that exceed the $1.6 billion in funds estimated to be available from the...
The Woodlands Financial Group Adds 4 Branch Locations
Jun 9 2011 // Texas-based The Woodlands Financial Group announced it is continuing to expand operations across the country with the opening of four new branch locations. Noel Sanchez has opened a new branch in San Mateo, Calif. Sanchez...
Texas House Committee OKs Changes to Windstorm Insurance Bill
Jun 9 2011 // A Texas House of Representatives committee has approved big changes to the insurance authority that covers coastal properties for wind and hail. The House Insurance Committee passed a bill overhauling the Texas Windstorm...
Foundation Financial Group Expanding in North Texas
Jun 8 2011 // Foundation Financial Group announced it is adding new jobs to the Dallas-Fort Worth area. The group is opening a new location at 1903 Central Drive in Bedford, Texas, between Fort Worth and Dallas. The company specializes...
Texas Windstorm Insurance Issue Added to Special Session
Jun 7 2011 // Texas Gov. Rick Perry has added legislation relating to the operation of the Texas Windstorm Insurance Association as an issue to be addressed during the special session of the Legislature that began on May 31. “It...
William Gammon Insurance, Higginbotham & Associates Join Forces
Jun 7 2011 // Texas-based independent insurance agencies William Gammon Insurance and Higginbotham & Associates have merged. The combined company has more than 500 professionals providing insurance, risk management and employee...
Ott Named President, CEO of Texas Medical Liability Trust
Jun 7 2011 // Austin, Texas-based Texas Medical Liability Trust (TMLT) announced that Charles R. (Chip) Ott Jr. will assume leadership of TMLT as president and chief executive officer beginning in late July. He will replace current...
Late May Storms to Cost Insurers Up to $7 Billion: AIR
Jun 6 2011 // The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion...
Business Moves
Jun 6 2011 // Hub, The Transportation Group Hub International Ltd. (Hub) has acquired The Transportation Group Ltd. (TTG), a Dallas and Houston, Texas-based brokerage firm that specializes in insurance and risk management for the...
Demise of Windstorm Association Overhaul Leads to Special Session in Texas
Jun 6 2011 // Texas lawmakers were unable to come to terms on an overhaul of the state-backed insurer for property along the Texas coast, so they’ll return to Austin in July to try again. Their failure to deal with school finance,...
Certificate of Insurance Bill Sent to Texas Governor
Jun 6 2011 // The Texas Legislature has passed a measure that requires regulatory approval of property and casualty certificate of insurance forms provided to insureds as proof of coverage. Insurance agents are frequently asked to...
Texas Supreme Court Reaffirms Right to Appraisal
Jun 6 2011 // The Decision May Lead to More, Not Less, Litigation, However In the wake of Hurricanes Rita, Dolly and Ike, and the inevitable ensuing litigation, many arguments over appraisal provisions surfaced. Most property policies...
Insurer Groups Say Windstorm Issue Must be Addressed in Texas
Jun 2 2011 // The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that...
