Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Insurance Council of Texas Awards Scholarships
Nov 22 2010 // Insurance and risk management students at four Texas universities were recently awarded $40,000 in academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend St. Mary’s...
Texas Likely Will Seek to Protect Its Piece of Surplus Lines Tax Pie
Nov 19 2010 // The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance...
Texas Department of Insurance Licenses Cognalysis™ Reserving System
Nov 19 2010 // Saint Paul, MN – November 19, 2010. Christopher Gross Consulting, Inc. is pleased to announce that the Texas Department of Insurance is licensing the Cognalysis™ Reserving System, to assist with the...
Insurance Network of Texas a Top Family Business of 2010
Nov 18 2010 // Insurance Network of Texas is one of Baylor University’s Institute for Family Business 2010 Texas Family Business of the Year award finalists. The independent agency was among the finalists for this award along side...
MetLife Auto & Home Expands Product Line in Texas With Package Product
Nov 17 2010 // MetLife Auto & Home has announced it will be supplementing its product line in Texas by introducing GrandProtect, a personal lines “package” policy. The product will be available to Texas residents as of...
Texas Court Halts Sale of Unauthorized Auto Insurance
Nov 17 2010 // Travis County, Texas, District Judge Suzanne Covington issued a permanent injunction on Nov. 15 barring SideCars Inc. of Joplin, Mo., from marketing and selling a form of limited physical damage insurance to used car...
Do Certificates of Insurance Matter?
Nov 17 2010 // For many years it has been generally understood by agents, insurers and insureds that Certificates of Insurance are very limited in their purpose. That view may be under assault in Texas. Generally, a Certificate of...
Legislators, Surplus Lines Groups Weigh a Lighter SLIMPACT Tax Deal
Nov 17 2010 // As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s...
Rate of Nonfatal Injuries, Illnesses for Texas Private Industries Declines
Nov 16 2010 // Private industry workplaces in Texas reported a total of 213,507 nonfatal injuries and illnesses during 2009. The incidence rate of 2.9 cases per 100 equivalent full-time employees is 6 percent lower than in 2008, when the...
Business Moves
Nov 14 2010 // HCC Specialty Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk and HCC Specialty Underwriters units under a newly created underwriting division, HCC...
Declarations
Nov 14 2010 // Floods, Erosion and Other Hazards “The Galveston-Harris County area is one of the most floodprone areas in the United States. … Also, erosion is a huge problem that is not going away any time soon. —Sam Brody,...
Do Certificates of Insurance Matter?
Nov 14 2010 // For many years it has been generally understood by agents, insurers and insureds that Certificates of Insurance are very limited in their purpose. That view may be under assault. Generally, a Certificate of Insurance is a...
America First Insurance Honored for Work Comp Performance in Arkansas
Nov 12 2010 // America First Insurance, a Liberty Mutual Agency Corporation regional company, announced it was recently recognized by the Arkansas Workers’ Compensation Commission (AWCC) for its superior claims handling and injury...
Texas Work Comp October Enforcement Actions Include Hefty Fines
Nov 12 2010 // Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in October include fines of up to $153,000, the department announced. Commissioner of Workers’...
Texas’ Pronto Insurance Selected as Top Franchise for Minorities
Nov 11 2010 // The National Minority Franchising Initiative (NMFI) has included Brownsville, Texas-based Pronto Insurance on its annual list of the “50 Top Franchises for Minorities.” The NMFI selected 50 franchisors from...
Late Filings of Surplus Lines Policies Draw Fines in Texas
Nov 10 2010 // If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing...
IMA of Texas Hires 3 Business Development Leaders
Nov 10 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service. Drew Lambert joined IMA as director of client services and integrated health and...
Rates for High Risk Drivers in Texas Falling; Coverage Minimums to Rise
Nov 9 2010 // Insurance rates for high-risk drivers insured through the Texas Automobile Insurance Plan Association (TAIPA) will decrease overall by 7.6 percent from 2010 rates effective Jan. 1, 2011. According to TAIPA, Texas Insurance...
James Joins RSI International in Commercial Underwriting Unit
Nov 8 2010 // RSI International Inc., a Texas-based managing general agency, announced that Robin James has joined its Commercial Underwriting Department in Arlington. James joins RSI after relocating to Texas from Goldsboro, N.C.,...
Equity Risk Partners, Lipscomb & Cathey Form Dallas Partnership
Nov 8 2010 // Insurance brokers Equity Risk Partners (ERP) and Lipscomb & Cathey have formed a joint venture to cater to the needs of the private equity space in Texas. The new partnership, called ERP-Texas, will combine the niche...
