Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Texas, Louisiana Homeowners Insurance Pricey; Florida Most Expensive
Jan 10 2010 // Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium...
It Figures
Jan 10 2010 // $70 Million A Texas court in San Antonio affirmed the jury award of $70 million plus interest in a workers’ compensation/bad faith case against Discover Property & Casualty Insurance Company, a St. Paul Travelers...
Louisiana Files Suit Against Surety Bond Insurer with Texas Ties
Jan 10 2010 // The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has...
People
Jan 10 2010 // Virginia-based specialty insurer Markel Corp. announced that its President and Chief Operating Officer Paul W. Springman resigned. Springman had been on a leave of absence since late October. The Independent Insurance...
Richardson Named State Auto Middle Markets Western Region VP
Jan 6 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and...
Louisiana Homeowners Insurance Pricey; Texas, Florida More Expensive
Jan 5 2010 // Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium...
Main Street America Acquires Texas Surety Business from CAIC
Jan 4 2010 // Houston-based CAIC Holding Co.Inc. (CAIC) has sold its surety division to property/casualty insurance carrier The Main Street America Group, based in Jacksonville, Fla. The firms said the agreement is effective Jan. 4,...
USHT Offering Texas Homeowners Deductible Buy-Back Coverage
Jan 4 2010 // USHT Inc., a managing general agent and surplus lines agency based in Dallas, is now offering a homeowners deductible buy-back policy in Texas. The Texas Homeowners Deductible Buy-Back Policy is a separate policy that is...
January 1 Is Deadline for ‘Fire Safe’ Cigarettes in Texas
Dec 30 2009 // As of Jan. 1, 2010, all cigarettes sold in Texas must be certified fire standard compliant (FSC), the Texas Department of Insurance and the State Fire Marshal’s Office announced. All FSC cigarettes will be marked...
Texas Imperial Sugar Settles Property Claim for 2008 Georgia Explosion
Dec 29 2009 // Sugarland, Texas-based Imperial Sugar Co. has settled the property insurance claim for the February 2008 industrial explosion at its Port Wentworth, Georgia refinery for an aggregate of $345 million. A final $45 million...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
Texas Sets Workers’ Comp Interest and Discount Rate at 3.85%
Dec 23 2009 // The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent. The rate, effective from Jan. 1, 2010, through March 31, is...
Texas Lags on Stimulus Fund Spending for Home Weatherization
Dec 22 2009 // Texas has gotten millions of federal dollars from the economic-stimulus package to help poor residents cut their energy bills, but as of last month, only seven homes had been weather-treated, according to a newspaper...
Henle Named South Texas State Executive Director for Farmers Insurance
Dec 22 2009 // Farmers Insurance Group of Companies has named John Henle as South Texas state executive director. Henle replaces Larry Pratt who has been promoted to vice president – Sales in the company’s Los Angeles...
Texas Jury Awards BP Workers $100M in Lawsuit
Dec 21 2009 // A federal jury on Dec. 18 awarded more than $100 million to 10 workers who claimed they were injured in 2007 when a toxic substance was released at BP PLC’s Texas City plant. The jurors in Galveston, southeast of...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Austin-Round Rock, Texas, Most Secure Large Metro Area
Dec 18 2009 // The central Texas area of Austin-Round Rock is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) in which to live, ccording to the sixth annual Most Secure U.S. Places to Live...
Texas Court Allows $70M Judgment in Workers’ Comp Case to Stand
Dec 16 2009 // A Texas court in San Antonio has affirmed the jury award of $70 million plus interest in a workers’ compensation case brought against Discover Property & Casualty Insurance Company, a St. Paul Travelers...
Post-Ike Dike Closure Hits Texas City Businesses Hard
Dec 15 2009 // The Texas City Dike was not built to serve as a fishing pier or recreation area. But in the 74 years since it was built, the dike turned into more than just a way to protect the Texas City Ship Channel. Boat ramps, fishing...
Sparks to Chair Insurance Council of Texas Board
Dec 15 2009 // The Insurance Council of Texas (ICT) has elected Craig Sparks chairman of its board of directors beginning Jan. 1, 2010. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’...
