Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Business Moves
May 19 2008 // Safety National Casualty, Colemont Safety National Casualty Corp., a Missouri-based provider of excess workers’ compensation insurance, and Colemont Insurance Brokers launched a new program for non-subscriber...
It Figures
May 19 2008 // $1.5 Billion The Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is...
Allstate to Begin Homeowners Rate Reductions, Refunds in Texas
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...
Damages Mount – again – In Storm-battered South Central States
May 19 2008 // Storms have caused more than $3 billion in damages this year, insurance group says As the town of Picher, Okla., began to climb out of the wreckage of the deadly tornadoes that swept across Southeastern Oklahoma, Missouri...
South Central Workers’ Comp Markets Show Signs of Improvement
May 19 2008 // Arkansas Workers’ comp premium rates in Arkansas will continue on the declining path they have followed since the state passed workers’ compensation legislative reform in 1993, when a 12.8 percent rate decrease...
Claims Pile up from Texas Storms
May 16 2008 // Back-to-back storm systems surprised Central Texas overnight on May 14-15 with intense winds and heavy hail damage in localized areas that has insurance agents and companies responding to thousand of property damage...
Specialty Insurance Managers Announces Management Changes
May 15 2008 // Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry,...
Damage from April 17 Texas Storm Exceeds $200 Million
May 15 2008 // Insured losses from severe storms on April 17 that hammered areas west of Fort Worth, Texas, with softball size hail now exceed $200 million, the Insurance Council of Texas reported. An estimated 33,000 homeowner claims...
Appeals Court Overturns $7.75 Million Vioxx Verdict
May 14 2008 // An appeals court in Texas overturned a $7.75 million verdict against Merck & Co involving its withdrawn pain drug Vioxx Wednesday, ruling that evidence presented at trial failed to prove the medicine caused the heart...
Damages Mount, Again, in Storm-battered South Central States
May 13 2008 // As the town of Picher, Okla., begins to climb out of the wreckage of the deadly tornado that swept across Southeastern Oklahoma and into Missouri and beyond over the May 10 weekend, some are predicting that the town may...
Texas, Allstate Reach Agreement on Homeowners Reductions, Refunds
May 12 2008 // The Texas Department of Insurance (TDI), the Office of Public Insurance Counsel (OPIC) and Allstate Texas Lloyd’s (Allstate) have reached agreement to settle all outstanding litigation with respect to homeowners...
Texas AG Settles with El Paso Company on Identity Theft Charges
May 9 2008 // Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that...
Texas Home Builders Workers’ Comp Group Dividend Approaches $60K
May 7 2008 // Hotchkiss Insurance Agency LLC and Texas Mutual Insurance Company announced a $59,360.36 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group. Formed in September 2005 the group is exclusive to...
Bostick Returns to Quirk & Company
May 7 2008 // Debbie Bostick has rejoined Texas-based Quirk & Company as a new business account executive for the Commercial Lines Division. Building on her previous 18 year tenure with Quirk & Company, she will focus on the...
Stephens Insurance Expands, Adds 10 to Austin Office Staff
May 6 2008 // Stephens Insurance LLC expanded its commercial and retail insurance service capabilities in Texas by adding 10 staff members to its Austin office. Founded in 1987, Stephens Insurance offers insurance services throughout...
Richardson Joins State Auto’s Middle Market and Large Account Unit
May 5 2008 // Todd Richardson joined State Auto Insurance Company’s Austin, Texas-based Middle Market and Large Account (SAMMI) facility. Richardson brings more than 19 years of experience to his new role as a SAMMI account...
Texas Supreme Court Justice’s Wife Re-Indicted on Arson Charges
May 2 2008 // The wife of a Texas Supreme Court justice has been indicted for a second time on charges connected to a fire that destroyed the couple’s suburban Houston home in the summer of 2007. A grand jury indicted Francisca...
Coast Strongly Influences Louisiana, Texas Property Markets
May 1 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
Texas Lawmakers Hear Testimony on Injured Worker Ruling
Apr 30 2008 // Relatives of those killed in a 2005 BP plant explosion and other industrial accident victims are urging the Legislature to undo a Texas Supreme Court ruling in a high-profile workplace injury case. “If no one is held...
Texas March Enforcement Actions Result in $130K in Fines, Restitution
Apr 29 2008 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include five license revocations, four license denials, and fines and restitution totaling $130,400. Copies of...
