Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Federal Aid, State Insurance Department Help Still Available for Ike Recovery
Dec 8 2009 // Galveston County residents needing home repair assistance resulting from 2008’s Hurricane Ike can get federal help through a nearly $100 million grant program. In addition, the Texas Department of Insurance reports...
Business Moves
Dec 6 2009 // Marsh, Insurance Alliance New York-based Marsh & McLennan Agency, a subsidiary of insurance mega-broker Marsh Inc., has acquired Insurance Alliance, one of the largest independent insurance agencies in Texas. Terms of...
Requirements Drive Need for Surety Bonds
Dec 6 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. “This past year has seemed to be especially active statutorily...
People
Dec 6 2009 // Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the...
Declarations
Dec 6 2009 // Disappointed But Happy “While I am disappointed that larger refunds were not ordered, I am very happy that the Commissioner concurred with our position that refunds were due though August 2008 instead of June 2006 as...
State Farm Appeals $310M Refund Order
Dec 6 2009 // The six-year battle between the Texas Department of Insurance and State Farm Lloyd’s (SFL) over homeowners insurance rates that TDI says are excessive is destined to continue. State Farm appealed an order signed by...
New Requirements Drive Need for Surety Bonds
Dec 6 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. “This past year has seemed to be especially active statutorily...
It Figures
Dec 6 2009 // 2.1 Million More than 2.1 million drop-side cribs by Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations, representing the largest ever recall of cribs by the Consumer...
New Markets
Dec 6 2009 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Campgrounds, Dude Ranches & Other...
Top Personal Lines Agencies
Dec 6 2009 // Correction: Top Personal Lies Agencies The Top 2009 Personal Lines Agencies list that was published in the Nov. 16 issue of Insurance Journal was incorrect. Unfortunately, columns of spreadsheet data shifted in the process...
Dallas-Area Employer Ordered to Repay Nearly $1M to Texas Mutual
Dec 4 2009 // Texas Mutual Insurance Company reports that Donna Iverson, owner of C&D Business Services Inc., and Carol Wiesman pleaded guilty to workers’ compensation fraud-related charges. The 299th District Court in Austin...
Texas Approves 13 Companies to Self-Insure for Workers’ Comp
Dec 2 2009 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved the renewal of the Certificates of Authority for 13 companies to self-insure for workers’ compensation claims for a...
Independent Business Group Earns More Than $335K in Texas Mutual Dividends
Dec 2 2009 // Texas Mutual Insurance Company announced a $335,220 dividend to the National Federation of Independent Business (NFIB) workers’ compensation purchasing group for manufacturers. The group has earned more than $878,000...
Ban of Discretionary Clauses in Insurance Contracts Sought in Texas
Nov 30 2009 // The Texas Office of Public Insurance Counsel wants the Texas Department of Insurance to adopt a rule OPIC banning discretionary clauses in insurance policies. The OPIC says discretionary clauses give the insurer broad...
State Farm Appeals Texas Commissioner’s $310M Refund Order
Nov 30 2009 // State Farm Lloyds has filed an appeal to a Texas Department of Insurance order to pay home insurance policyholders $310 million in refunds and interest for alleged overcharges going back as far as 2003. Spokesman Kevin...
Stringer Elected to Lead Texas Surplus Lines Association
Nov 24 2009 // Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the...
Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case
Nov 23 2009 // The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from...
Texas Mutual Pays $760K Dividend to Green Industry Group
Nov 20 2009 // Texas Mutual Insurance Company announced a $760,070 dividend to the Texas Green Industry (TGI) purchasing group. TGI has earned $2,643,037 in workers’ compensation dividends since 2005. Group dividends are based...
Texas Agent Volunteers for 7th Home Building Trip to Nicaragua
Nov 19 2009 // In 2005, when Cory Brooke, a partner of TCOR Insurance Management in Beeville, Texas, traveled to Nicaragua with other insurance executives as a volunteer for non-profit Bridges to Community, he was the only Texan in the...
National Lloyds Launches Texas Presidential Homeowners Product
Nov 18 2009 // Waco, Texas-based National Lloyds Insurance Company has introduced the Presidential Homeowners Program, targeting owner/primary residence properties in Texas. According to the company’s announcement, the new program...
