Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Guaranty Insurance Services Adds Sears in Arlington Office
Mar 12 2007 // Austin, Texas-based Guaranty Insurance Services Inc., announced the addition of Charles D. “Chuck” Sears to its Arlington, Texas, branch office. Sears has been in the insurance industry for over 28 years and...
What lies ahead for agency compensation? Agents could benefit from incentive pay plans replacing contigent income
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
Business Moves
Mar 12 2007 // Carpenter Moore, USI Southwest Houston-based USI Southwest and Car-penter Moore, a subsidiary of The Nasdaq Stock Market Inc., are partnering to provide executive liability services to public companies in Texas, Louisiana...
My New Markets
Mar 12 2007 // Nursing Home Liability Nuts & Bolts: Quadrant Insurance Managers, a national management general agency, has expanded its nursing home liability product into Texas. This product offers professional and general...
What lies ahead for agency compensation?
Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned...
RSI Promotes Ballard to Underwriting Manager for Commercial Lines
Mar 9 2007 // RSI International Inc. announced the promotion of Holly Ballard to commercial lines underwriting manager for their Texas offices. In this newly created position, Ballard will oversee the Commercial Lines Department, and...
Last Person Convicted in Texas Staged Accident Fraud Ring
Mar 9 2007 // The ninth and last defendant in a staged auto accident insurance fraud ring was convicted of Engaging in Organized Criminal Activity in Dallas County District Court on February 27, 2007, the Texas Department of Insurance...
Lusk Joins PWIB Texas
Mar 8 2007 // Fred Lusk has joined insurance wholesaler PWIB Texas as broker/underwriter, the company announced. Lusk previously was associated with other leading insurance wholesalers and has been involved that field since 1969. PWIB...
Legacy Texas Adds Commercial Lines Producers
Mar 8 2007 // North Texas-based Legacy Texas Insurance announced the addition of three new commercial lines producers. Josh Bagert and Nick Paschal, a recent graduate from Southern Methodist University, began with the agency in November...
Texas Agent Association, PTA Launch Program to Fight Teen Drinking
Mar 7 2007 // The Texas PTA and the Independent Insurance Agents of Texas (IIAT) announced they have launched a statewide campaign designed to prevent underage drinking. According to the Texas Commission on Alcohol and Drug Abuse, Texas...
Violent Weather Bypassing Texas; Drought to Linger
Mar 7 2007 // The drought-like weather conditions that have plagued much of the state for the past three years have had a positive effect in limiting the number of damaging hailstorms and tornadoes in Texas. Meteorologists say the lack...
Hurricane Rita’s Claims Total $5.8B in Texas and Louisiana
Mar 6 2007 // The final tally for the cost of claims from Hurricane Rita in both Louisiana and Texas came to $5.8 billion. Hurricane Rita’s 120 mile per hour winds plowed into the Texas/Louisiana border on Sept. 24, 2005, one...
Texas Work Comp Commissioner Names New Medical Advisor
Mar 6 2007 // Texas Commissioner of Workers’ Compensation Albert Betts recently named Howard L. Smith, M.D., as medical advisor for the Texas Department of Insurance (TDI), Division of Workers’ Compensation (Division). Dr....
FDA Warns Against Eating Raw Texas Oysters After Virus Outbreak
Mar 5 2007 // The Food and Drug Administration says consumers should avoid eating raw oysters harvested from San Antonio Bay in Texas because more than two dozen people in Maryland became ill last month. The FDA said 25 people developed...
American Meridian Insurance Company in Receivership
Mar 1 2007 // The State of Texas has placed American Meridian Insurance Company into permanent receivership and ordered its liquidation. American Meridian is organized under the laws of Bermuda where it is a company in good standing. It...
Texas District Sets Helmet Rule after Baseball Player’s Death
Mar 1 2007 // Anyone who uses a Grapevine-Colleyville school district batting cage will be required to wear a helmet under new rules adopted in response to a baseball player’s death. The Dallas-area school district announced new...
New Markets
Feb 26 2007 // Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment...
Vanek promoted to CEO of NLASCO
Feb 26 2007 // Affordable Residential Communities closes acquisition of Texas-based insurer Affordable Residential Communities Inc. of Englewood, Colo., closed its previously announced acquisition of Waco, Texas-based NLASCO Inc., a...
People and Places
Feb 26 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
Reaping the wind will be the responsibility of insurers
Feb 26 2007 // There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing...
