Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
My New Markets
Apr 4 2011 // Energy Market Detail: Victor O.Schinnerer’s energy and utilities program, Energy P&C offers coverage to companies involved in public utilities, oil and gas, pipeline operations, as well as HVAC contractors, and...
Plans to Reform Texas Wind Pool Taking Shape
Apr 4 2011 // Two Texas lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of...
Defining Standards in Texas for the Duty to Defend and Indemnify
Apr 1 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Texas Sets Workers’ Comp Discount, Interest Rate for Q2 at 3.74%
Apr 1 2011 // The Texas Department of Insurance Division of Workers’ Compensation has determined that the workers’ compensation discount and interest rate for April 1 through June 30, 2011, will be 3.74 percent. The rate in...
Texas Business Owner Sentenced for Workers’ Comp Fraud, Tax Evasion
Mar 29 2011 // Texas Mutual Insurance Co. reported that a Travis County district court sentenced Gary C. Quintinsky of Houston to a two-year prison term for workers’ compensation fraud-related charges. Upon completion of his state...
Hallmark Financial Services Acquires Texas Builders Insurance
Mar 28 2011 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, American Hallmark Insurance Co. of Texas, is acquiring TBIC Holding Corp. and its wholly owned subsidiaries Texas...
Texas Wind Pool Names New Acting General Manager
Mar 25 2011 // The board of the insurer of last resort for property along the Texas coast has named a new acting general manager and is moving forward with a search for an interim general manager. Randy Wipf, a current employee of the...
Austin, Texas, Fire Investigations Team Honored
Mar 25 2011 // A Texas Advisory Council on Arson (ATAC) has honored the Austin Fire Department’s Arson Investigations unit with its 2011 Law Enforcement Award. The award is given in recognition of an outstanding effort to achieve...
Texas Broker Bowen, Miclette & Britt Acquires Florida Agency
Mar 22 2011 // Texas-based insurance broker Bowen, Miclette & Britt Inc. has expanded into the Florida market though the acquisition of Huckleberry Sibley & Harvey Insurance & Bonds. The acquired agency, HSH, has a client...
Bills Filed in Texas Aimed at Increasing Insurance Policy Transparency
Mar 22 2011 // Two pieces of legislation recently filed in Texas would require insurance companies to provide customers with more complete information on rate increases and expand resources available to consumers for shopping the...
Texas Wind Pool Reminds Agents of Switch to Direct Deposit Commissions
Mar 22 2011 // Texas agents who sell policies for the Texas wind insurance pool need to provide banking data to the association in order to begin receiving monthly direct deposit commissions. The Texas Windstorm Insurance Association has...
Japan Disaster Shows up Flaws in ‘Just-in-time’ Production
Mar 22 2011 // Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant. The garden is...
Texas Lawmakers Roll Out Plans to Reform Wind Pool
Mar 21 2011 // Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives...
Regulators Take Over TWIA; Reform Bill Filed
Mar 21 2011 // Management of the Texas Windstorm Insurance Association was taken over by the Texas Department of Insurance in late February as lawmakers and regulators criticized the association’s adminstrative functionality and...
People
Mar 21 2011 // Texas-based commercial insurance and risk management firm, K&S Insurance Agency, announced that John D. Marek has joined the company as partner. Marek will help lead the firm’s new business recruitment and sales...
One Thing Is Not Another: Defining Standards for the Duty to Defend and Indemnify
Mar 21 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Business Moves
Mar 21 2011 // Advocate Reinsurance Partners Goss Reinsurance Brokers LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, Texas, announced it has changed the company name to Advocate Reinsurance Partners LLC....
Young Texas Gang Members Busted for Arson in Bastrop County
Mar 18 2011 // Photo by Janine Mather, Texas State Fire Marshall's Office An anonymous phone call to the Texas Arson Hotline has led to the arrest of three juvenile gang members in Bastrop County. The three teenagers reportedly...
Bills Filed in Texas Would Create ‘Loser Pays’ Tort System
Mar 15 2011 // Legislation filed in Texas would create a “loser pays” legal system that Texas Gov. Rick Perry says would provide stronger protections against frivolous lawsuits. House Bill 274 and Senate Bill 13, sponsored by...
TDI January Enforcements Include $373.5K in Fines, Restitution
Mar 14 2011 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during January 2011 include seven license revocations, four license denials and fines and restitution totaling...
