Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Moore Joins Texas-based BKS Insurance Agency
Dec 28 2006 // BKS Insurance Agency located in Allen, Texas, announced the addition of Annette Moore to its staff. Moore has experience through both the independent agency and direct writer systems and will be managing personal lines for...
Texas Mutual Launches Purchasing Groups for Health Care Industry
Dec 27 2006 // Texas Mutual Insurance Company announced two new purchasing groups: Hospitals of Texas (HOTComp) and Texas Medical Group (TMG). Both groups provide members with a competitive option for their workers’ compensation...
Texas Announces November Enforcement Actions
Dec 27 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during November. The actions include five license revocations, a license denial and fines and restitution...
Texas Law Cuts $32 Million Vioxx Award to $7.75 Million
Dec 26 2006 // A judge in a Texas widow’s lawsuit over the Merck & Co. drug Vioxx last Thursday reduced a $32 million jury award to about $7.75 million so that it conformed to state law. A state jury in April found Merck...
People and Places
Dec 25 2006 // The Independent Insurance Agents of Texas appointed P. Scott Hubacek to the newly created position of IIAT Member Services Ambassador. Hubacek will be responsible for recruiting new members and for helping new and existing...
Hellhole or business haven?
Dec 25 2006 // Texas is improving. The Rio Grande Valley and Texas Gulf Coast slipped to third place on the American Tort Reform Foundation’s (ATRF) 2006 “Judicial Hellholes” report. Last year it landed in the top...
In buying back, what did I buy?
Dec 25 2006 // A look at policy buyback settlements Over the last decade, I have participated in the drafting of dozens of settlement agreements between carriers and insureds commonly called “buybacks of insurance” or simply...
Despite ‘uneventful’ year, there was no escaping catastrophes in 2006
Dec 25 2006 // It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
It Figures
Dec 25 2006 // $261 Billion The total amount of U.S. tort costs in 2005, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers Perrin. The amount adds up to about $880 per person, $4 less per...
Editor’s Note: Hellhole or business haven?
Dec 24 2006 // Texas is improving. The Rio Grande Valley and Texas Gulf Coast slipped to third place on the American Tort Reform Foundation’s (ATRF) 2006 “Judicial Hellholes” report. Last year it landed in the top...
Figures
Dec 24 2006 // $261 Billion The total amount of U.S. tort costs in 2005, according to the 2006 Update on U.S. Tort Cost Trends from the Tilling-hast business of Towers Perrin. The amount adds up to about $880 per person, $4 less per...
Top 10 Stories of the Year – South Central
Dec 24 2006 // It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance...
2006 New Markets Report
Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
NFIB Groups Earn Texas Mutual Dividends
Dec 22 2006 // Texas Mutual Insurance Company announced a $302,815 dividend to the National Federation of Independent Business (NFIB) workers’ compensation purchasing group for the construction industry. The company also announced...
Texas AG Cracks Down on Chemical Plants for Alleged Air Pollution
Dec 21 2006 // Texas Attorney General Greg Abbott’s office announced that Abbott has taken legal action against four Houston-area chemical plants for violating Texas environmental laws. The case is the first in Texas arising out of...
Employers Opens Offices in Arizona, Texas
Dec 21 2006 // Employers, a small business insurance specialist, has opened two new offices: one in Phoenix and the other in Irving, Texas. In Arizona, Employers will offer insurance through Employers Compensation Insurance Co., which...
Houston Nurse Sentenced for Workers’ Comp Fraud
Dec 20 2006 // Texas Mutual Insurance Company reported that a Houston nurse has pleaded guilty to workers’ compensation fraud-related charges. The Travis County 299th Judicial District Court sentenced Brenda Hernandez to five years...
