Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Austin Insurance Day Speaker to Discuss Texas’ Sunset Process
Feb 15 2008 // Chloe Lieberknecht, a policy analyst with the Texas Sunset Advisory Commission will discuss the “Legislative Sunset Process” at the 37th Annual Insurance Day held by the Central Texas Chapter of Chartered...
Texas Physicians Joins Lawsuit to Protect Liability Reforms
Feb 13 2008 // The Texas Medical Association reported it has joined a legal action aimed a protecting tort reforms passed by the Texas Legislature passed in 2003. TMA said it sued to resolve several constitutional challenges to the...
Jury Rejects Cancer Patient’s Claims in Texas Railroad Tie Lawsuit
Feb 13 2008 // Jurors in Fort Worth, Texas, on Feb. 11 rejected a cancer survivor’s claim that toxic chemicals from a Texas railroad tie plant where her husband worked caused the disease that required the removal of her...
OSHA Fines North Texas Company $210K for Safety Violations
Feb 12 2008 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) reported it has proposed penalties of $210,000 against Kaufman, Texas-based Metroplex Masonry Inc. for allegedly failing to protect...
Texas Urges Verification of Windstorm Insurance Inspectors
Feb 11 2008 // The Texas Department of Insurance (TDI) issued a reminder to consumers that windstorm insurance inspections, which are required for properties to be eligible for wind and hail coverage through the Texas Windstorm Insurance...
Up in Smoke No More
Feb 10 2008 // States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of...
AIG Reaches $12.5M Settlment With States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group, Inc. (AIG) has reached settlements with Florida, West Virginia, seven other states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Texas Joins Rest of the U.S. in Profitability Upswing of Last Few Years
Feb 10 2008 // I.I.I.’s Hartwig says the state is still one of the riskiest in which to operate The last few years have been good ones for the property casualty insurance industry in terms of profitability. But it’s been a...
New Markets
Feb 10 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. Private and Parochial Schools Nuts &...
AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and...
People
Feb 10 2008 // Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota...
Business Moves
Feb 10 2008 // ASI Lloyds ASI Lloyds (ASI) of St. Petersburg, Fla., is entering the personal property insurance market in Louisiana. ASI was a recipient of the Insure Louisiana Incentive program. ASI plans to begin writing new homeowners...
AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group Inc. (AIG) confirmed in late January that it had reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
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)...
