Latest Texas Headlines

TWIA Rates to Rise

Nov 30 2008 // Commercial and residential rates for policies written through the Texas Windstorm Insurance Association (TWIA) will rise in February when rate increases approved by the Texas Department of Insurance (TDI) go into...

Nov 30 2008 // Peter Lauve, of Abilene, Texas, has been named president of Texas-based Insurors Group. As Insurors Group president, Lauve, also a partner with CBS Insurance located in Abilene, will lead a network of Texas agents that...

Wanted: Agencies Focusing on Hispanic Market

Nov 30 2008 // Texas on the List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The brains behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300...

Insurance Dollars an Electoral Force in South Central States

Nov 30 2008 // Congressional candidates from the South Central states of Arkansas, Louisiana, Oklahoma and Texas pulled in big donations from a variety of insurance industry interests in 2008, according to the Center for Responsive...

Texas Mutual, NFIB Partnership Pays Dividends for Small Businesses

Nov 25 2008 // Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007,...

Texas Seeks Suggestions for Workers’ Compensation Research Agenda

Nov 24 2008 // Texas House Bill (HB) 7 (79th Legislature, Regular Session, 2005) included a new Section 405.0026, Texas Labor Code, which requires the Commissioner of Insurance to adopt an annual research agenda for the Workers’...

Texas Governor Blasts FEMA, Creates Hurricane Recovery Commission

Nov 21 2008 // Texas Gov. Rick Perry has established the Governor’s Commission for Disaster Recovery and Renewal, an advisory panel of public and private sector experts who will create a plan to assist Texas communities with...

Safeco, America First Insurance Announce Central Region Leaders

Nov 21 2008 // Safeco Insurance and America First Insurance, both Liberty Mutual Agency Markets companies, announced key management appointments in personal and commercial lines operations for the central United States region. Richard E....

Texas Higher Education Students Awarded Insurance Scholarships

Nov 20 2008 // The Insurance Council of Texas Education Foundation has awarded $28,000 in academic scholarships to 14 students of insurance at three universities in the state. “This is the seventh year that we have awarded...

Texas Air Traffic Controller Files Claim Against FAA

Nov 19 2008 // An air traffic controller who told authorities that the Federal Aviation Administration covered up safety issues at Dallas-Fort Worth International Airport has filed a discrimination claim charging the agency with refusing...

Judge Throws Out ‘Bad Faith’ Claim Against Texas Mutual

Nov 19 2008 // A judge in Guadalupe County, Texas, has dismissed a case alleging that Texas Mutual Insurance Company acted in “bad faith” in a workers’ compensation case involving a pre-existing medical condition. Texas...

Rate Change Granted for Texas Windstorm Insurance Association

Nov 18 2008 // Commercial and residential rates for policies written through the Texas Windstorm Insurance Association (TWIA) will rise in February when rate increases approved by the Texas Department of Insurance (TDI) go into...

Texas Appeals Court Overturns Ruling on Hospital Fee Guideline

Nov 17 2008 // Texas Mutual Insurance Company and several other insurers say they won a substantial victory Nov. 13 in a Texas appeals court case challenging an abusive pattern of questionable hospital bills for injured workers covered...

People

Nov 16 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI...

Business Moves

Nov 16 2008 // Medicus Insurance Company Medicus Insurance Company has been approved to write medical professional liability insurance in Arkansas. Medicus is a Texas-based insurance company specializing in providing medical professional...

It Figures

Nov 16 2008 // $7.7 Billion Texas experienced $7.7 billion in insured losses during first three quarters of 2008, the Insurance Council of Texas reports. The figure is expected to top $10 billion by the end of the year. Texas leads all...

Wanted: Agencies Focusing on Hispanic Market

Nov 16 2008 // Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products,...

New Markets

Nov 16 2008 // 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. Employer Stop Loss Market Detail: Markel...

Geovera Insurance Names Rowe as Texas State Executive

Nov 14 2008 // GeoVera Insurance announced that David P. Rowe has joined the company as Texas state executive for its homeowners business. GeoVera introduced its homeowners HO-B product in Texas in 2006. Rowe will be responsible for...

Texas Regulators Respond to AIG Financial Developments

Nov 14 2008 // With the U.S. Treasury and the Federal Reserve Board pouring more money into loans for American International Group Inc. (AIG) hoping to keep the financial giant afloat, the Texas Department of Insurance (TDI) issued a...