Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas Windstorm Insurance Legislation Advances
May 25 2011 // The Texas Senate unanimously approved its version of a bill to revamp the state’s windstorm fund that insures coastal properties against hurricane damage. The Texas Windstorm Insurance Association reform measure,...
Third Coast Underwriters Expands in Gulf Region
May 24 2011 // Third Coast Underwriters, which provides workers’ compensation insurance for underserved markets that have complex risks, is expanding facilities in Louisiana and Texas, and adding the availability of workers’...
Texas Senate Votes to Keep Texas Insurance Department
May 23 2011 // The Texas Senate has voted to renew the state Department of Insurance and give it stronger enforcement penalties when companies lose challenges to their rates. Lawmakers are considering competing bills to extend the life...
Agents’ Group Gives $100K to Texas Volunteer Fire Departments
May 19 2011 // Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments. The...
Hub International Acquires Texas-based The Transportation Group
May 19 2011 // Hub International Limited (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 trucking industry. Terms of the...
New MGA Sees Opportunity for Independents in Growing Hispanic Market
May 16 2011 // With 30 years of insurance industry experience under his belt, one Texas-based insurance executive decided recently it was time to open his own operation to serve the insurance needs of the growing Hispanic population....
Report: Hurricanes Pose Risk to 1.8M Coastal Homes
May 16 2011 // More than 1.8 million homes along the Gulf and Atlantic coasts are at great risk of being damaged by a hurricane, three times the number located in federally defined flood zones, according to a recently released...
Report: Hurricanes Pose Risk to 1.8M Costal Homes
May 16 2011 // More than 1.8 million homes along the Gulf and Atlantic coasts are at great risk of being damaged by a hurricane, three times the number located in federally defined flood zones, according to a report released Tuesday. The...
Business Moves
May 16 2011 // American Hallmark, TBIC American Hallmark Insurance Co. of Texas, a subsidiary of Ft. Worth-based Hallmark Financial Services Inc., announced in late March that it is acquiring TBIC Holding Corp., and subsidiaries Texas...
People
May 16 2011 // Marsh & McLennan Cos. appointed Daniel S. Glaser to the newly created position of group president and CEO. Glaser previously had been chairman and CEO of Marsh. He will continue to report to Brian Duperreault,...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 16 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Drought Expands Dramatically in Texas, Losses Mount
May 13 2011 // Another dry week in the southern United States has driven the spread of a devastating drought further across Texas and neighboring states, promising to add to economic losses that could top $3 billion. Texas, suffering its...
Business Losses Due to Civil Authority Action: When Is There Coverage?
May 12 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Bills to Continue Insurance Dept., Reform Wind Pool Pass Texas House
May 12 2011 // Republicans in Texas easily swatted down major changes to insurance regulation in a Texas House bill that would keep the current rules and bureaucracy in place. The bill continuing the functions of the Texas Department of...
Ratings Recap: Keystone, Forestry Mutual, Residential Re, National Unity, Dakota
May 12 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from’ B++’ (Good) and the issuer credit ratings (ICRs) to “aa-” from “bbb” of Keystone...
Workers’ Compensation Injury Hotline Expands in Texas
May 11 2011 // Company Nurse, a nurse hotline for workplace injuries, has expanded its presence in Texas, adding account management staff to serve the Dallas, Fort Worth, Houston and surrounding areas. Company Nurse was developed to help...
Alleged Sale of Fake Antibiotic Draws Lawsuit from Texas AG
May 9 2011 // The Texas Attorney General’s Office is suing companies from Texas and Georgia accused of misleading mostly Hispanic consumers by selling a dietary supplement under a name similar to the Spanish translation of a...
Hundreds Sue Over West Texas Chemical Contamination
May 9 2011 // Two lawsuits have been filed on behalf of more than 250 West Texas residents against four companies they contend contaminated their Midland-area neighborhood with hexavalent chromium. According to court documents obtained...
Texas: Many Life Insurers Keep Beneficiary Proceeds in Accounts
May 9 2011 // The Texas Department of Insurance says a recent industry survey shows that many life insurance companies place policy proceeds into Retained Asset Accounts (RAAs) instead of paying proceeds directly to the beneficiaries....
‘Exceptional Drought’ Expands in Texas, Oklahoma
May 6 2011 // The severe drought ravaging Texas and other parts of the U.S. Southwest is getting worse, weather experts said Thursday, and little respite is in sight for farmers, ranchers and others whose livelihoods and properties are...
