Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
BOP Opportunities Abound in Fla., Ga., N.C., Texas and Wash.
Feb 10 2008 // The U.S. business owners policy (BOP) market consists of nearly 21 million enterprises and produces more than $20 billion in premiums. Within this broad market sector, 44 percent of the premium opportunity is concentrated...
South Central Agencies Recognized by Big ‘I’ for ‘Best Practices’
Feb 8 2008 // Two independent agencies from South Central states were among the six insurance firms from across the country recognized as “Top Performing Agencies” by the Independent Insurance Agents & Brokers of...
Higginbotham & Associates Expands into Northwest Texas
Feb 8 2008 // Fort Worth, Texas-based Higginbotham & Associates announced it has partnered with Allred-Thompson-Mason-Daugherty (ATMD) in an effort to broaden its Texas presence. ATMD is a general lines insurance agency based in...
Counselor Sentenced for Perjury in Texas Work Comp Fraud Case
Feb 8 2008 // Texas Mutual Insurance Company reported that a licensed professional counselor has pleaded guilty to charges of perjury in a workers’ compensation fraud-related case in a Travis County, Texas, district court. John...
Texas Supreme Court Reverses <em>Frank’s Casing</em> Ruling
Feb 8 2008 // The Texas Supreme Court on Feb. 1 handed down a long awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in...
Mississippi’s BancorpSouth Acquires Texas Insurance Company
Feb 6 2008 // Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not...
New Pooled Members of State Auto Insurance Companies Upgraded
Feb 6 2008 // State Auto Insurance Companies (State Auto) reported that A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A-“(Excellent) and the issuer credit ratings (ICR)...
I.I.I.’s Hartwig: Texas P/C Market Profitable Along with Rest of U.S.
Feb 5 2008 // The last few years have been good ones for the property casualty insurance industry in terms of profitability. But it’s been a long time coming, according to Robert Hartwig, president of the Insurance Information...
Universal North America to Acquire Policies from Houston General
Feb 5 2008 // Universal North America Insurance Company, with corporate offices in Texas and Florida, has agreed to acquire the renewal rights to approximately 11,500 policies from the personal lines portfolio of Canton, Mass.-based...
BancorpSouth Insurance to Buy JMG/IC Insurance of Texas
Feb 4 2008 // BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the...
Corpus Christi, Texas, Police to Impound Uninsured Drivers’ Cars
Feb 4 2008 // The Corpus Christi Police Department will start impounding the cars of uninsured drivers, officials said. About one in three Nueces County, Texas, drivers are uninsured, compared to about one in five statewide, Chief Bryan...
Spring 2008 Texas Workers’ Comp Seminars to Focus on Change
Feb 4 2008 // The Insurance Council of Texas (ICT) will host seminars in Austin and Dallas in April to focus on developing issues impacting the Texas workers’ compensation system. The 2008 Workers’ Compensation Spring...
Fires Flare in Texas While Cleanup Starts on Burned Homes, Businesses
Feb 1 2008 // A day after wildfires burned almost 30 square miles across Texas, a few more blazes sprang up Jan. 30 while victims sifted through the charred remnants of their homes. Gary Karr spent the day moving debris from his...
TDI December Enforcements Result in Nearly $1.6M in Fines, Restitution
Jan 31 2008 // Enforcement actions taken by the Texas Department of Insurance December 2007 resulted in eight license revocations, four license denials, and fines and restitution totaling $1,591,264, the department reported. An order...
States Aim to Prevent Residential Fires by Requiring ‘Fire Safe’ Cigarettes
Jan 31 2008 // Movies – think Lauren Bacall and Humphrey Bogart in “The Big Sleep” – often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In addition to being a leading...
Police: Volunteer Set Fire to Texas Radio Station Over Playlist
Jan 30 2008 // A volunteer at a community radio station in Austin, Texas, set fire to the station because he was upset that his song selections for an overnight Internet broadcast were changed, police said. Paul Webster Feinstein, 24,...
AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations
Jan 29 2008 // American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Judge Sanctions Texas Mutual, Company to Appeal Decision
Jan 27 2008 // The judge’s “sanctions order is simply wrong. Texas Mutual did not falsify any documents, did not deceive the court, and did not take any improper actions to gain an advantage.” Texas Mutual Insurance...
New Markets
Jan 27 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. Three Year Policies — EPLI Nuts &...
ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims
Jan 27 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the...
