Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Damage From El Paso, Texas, Hail Storm Tops $150M
Sep 25 2009 // The east side of El Paso, Texas, was pounded by a violent hailstorm Sept 16, racking up insured losses of more than $150 million, the Insurance Council of Texas reported. The fast-moving storm struck in the late afternoon...
Texas-based Aggressive Insurance Unveils New Aircraft Program
Sep 25 2009 // Aggressive Insurance, based in Irving, Texas, has announced a new aircraft insurance program. Aggressive is initially introducing the program in Florida, Georgia, Illinois, Indiana, Ohio, Oklahoma and Texas. The program...
The Woodlands Financial Group Opens 3 New Offices
Sep 24 2009 // The Woodlands Financial Group Inc. (TWFG), a retail and managing general agency based in The Woodlands, Texas, has opened three new branch locations. Steve Lovecchio has opened a new branch in New Orleans, La. Lovecchio...
Texas Sets Workers’ Comp Weekly Benefit Rates
Sep 22 2009 // The Texas Department of Insurance has announced the weekly benefit rates for workers’ compensation insurance for Oct. 1, 2009, through Sept. 30, 2010. In accordance with the Texas Labor Code (TLC) §408.047, the...
States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers
Sep 21 2009 // Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly...
People
Sep 21 2009 // Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team. Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice...
Passing the Halfway Mark
Sep 21 2009 // By the time this issue of Insurance Journal reaches your desk, we will be well over halfway through hurricane season for 2009. Though it’s too early to breathe a sigh of relief — hurricane Rita struck Southeast...
New Markets
Sep 21 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. Misc. Medical Malpractice Market Detail:...
Trial Date Set to Challenge New Texas Fraud Law
Sep 18 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Gulf Coast Construction ‘Woefully Inadequate’ to Survive Storm Flooding
Sep 17 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
Trial Date Set to Challenge New Texas Fraud Law
Sep 17 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Texas Farmers Eligible for Federal Drought Aid
Sep 16 2009 // Texas farmers and ranchers with livestock grazing losses due to drought or fire can seek federal help. The U.S. Department of Agriculture says producers may begin applying for benefits under the Livestock Forage Disaster...
Texas Plans Extensive Erosion Prevention Projects Along Coast
Sep 15 2009 // One year after Hurricane Ike devastated large swaths of the upper Texas Gulf Coast, the state has unveiled a plan estimated at $135.4 million that aims to fight beach erosion in a coordinated effort from South Padre Island...
Ike Study: Hurricane Storm Surge a Threat to More Coastal Properties
Sep 14 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are woefully inadequate, according to a new study of property damage caused by Hurricane Ike, which...
States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers
Sep 7 2009 // Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly...
It Figures
Sep 7 2009 // $692,000 The Louisiana Department of Insurance owes $692,000 for legal fees and other costs in a dispute with the Office of the Legislative Auditor over access to internal documents. Insurance Commissioner Jim Donelon sued...
People
Sep 7 2009 // Texas-based Specialty Insurance Managers Inc. appointed several new vice presidents. Karen Ashton was named vice president of the Arlington, Texas, branch. Bonnie Stalkfleet is now vice president of the Granbury branch....
Rates, Claim Frequency Still Declining in Workers’ Comp; Medical Costs Rise
Sep 7 2009 // States Are Not Equal in Handling Worker Injuries Prices for workers’ compensation insurance in the United States declined in 2008 and, in general, that trend is likely to continue in throughout 2009, according to the...
McQueary Henry Bowles Troy to Merge With Holmes Murphy & Assoc.
Sep 4 2009 // Dallas, Texas-based McQueary Henry Bowles Troy L.L.P (MHBT), one of the largest privately owned insurance and risk management firms in the U.S, and the Texas division of Holmes Murphy & Associates, will merge to form...
Math Joins Texas Mutual as Senior VP, Gallagher Promoted
Sep 3 2009 // Texas Mutual Insurance Company has hired Steve Math as senior vice president of underwriting. The company also announced that Cecily Gallagher, former senior vice president of underwriting and actuarial services, has...
