Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
National Lloyds Thrives Writing Low-Valued Dwellings
Sep 22 2003 // The experience of specialty homeowners carrier National Lloyds Insurance Co. illustrates that the fable of the tortoise and the hare is as true today as when Aesop told it to the village children who gathered ’round...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Is the Pendulum Swinging on Stowers’
Sep 22 2003 // Through its history in Texas jurisprudence, the Stowers doctrine, which creates excess liability for insurers based upon rejection of the settlement demand within limits, has shifted between a restricted concept and a...
TDI Says Over $48M Returned to Texas Insureds
Sep 19 2003 // The Texas Department of Insurance announced that more than $48 million was returned to Texas consumers during the past year as a result of actions by TDI’s Consumer Protection Division. The money came from premium...
TDI Stands by Rate Cuts for State Farm, Farmers
Sep 16 2003 // Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas...
Texas Mutual Announces Large Dividends for Purchasing Groups
Sep 16 2003 // Texas Mutual Insurance Company announced that two workers’ compensation purchasing groups will receive significant group dividends upon approval of the Texas Department of Insurance. The CompGroup AGC purchasing...
ISO Authorized to Provide Advisory Pricing Info to Texas Insurers
Sep 11 2003 // Insurance Services Office Inc. (ISO) announced that it is now able to provide advisory information services to Texas insurers for four lines of insurance—commercial auto, personal auto, homeowners and dwelling...
Final Round of Homeowners Rate Reviews Over for TDI
Sep 11 2003 // The Texas Department of Insurance (TDI) completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and 5 insurers were ordered to reduce rates...
Homeowners Insurance Expects 8% Jump in 2004
Sep 10 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
Acordia Acquires Houston Agency
Sep 9 2003 // Acordia Inc., a subsidiary of Wells Fargo & Company, announced acquired Wisenberg Insurance + Risk Management, a privately held insurance and risk management firm in Houston, Texas. The acquisition closed September 1,...
Alliance Disappointed in Insurance Score Class Action Ruling
Sep 8 2003 // The Alliance of American Insurers expressed disappointment with the Fifth Circuit Court of Appeals’ decision in DeHoyos v. Allstate Insurance Company, which was filed in Texas. The case stems from the Texas-based...
Rising to the Top With NAPSLO’s Advanced School
Sep 8 2003 // For four days in early November, experienced surplus lines professionals will have the opportunity to study current trends and issues in their industry at NAPSLO’s Advanced School. Although “RISE TO THE TOP of...
Hearings Underway on TDI Mandated Homeowners Rate Cuts
Sep 8 2003 // Eleven of the state’s largest homeowners carriers have filed appeals with the Texas Department of Insurance, requesting hearings on recent state-ordered rate cuts. On Aug. 8, 2003, Texas Insurance Commissioner José...
CLAUDETTE LOSSES AT $90M
Sep 8 2003 // The Insurance Council of Texas reported that Hurricane Claudette, which hit the Texas coast in July, caused an estimated $90 million in insured losses. Claudette came ashore July 15, striking land at Port O’Connor...
Changes in the Works for the FAIR Plan
Sep 8 2003 // Administrators of the Texas FAIR (Fair Access to Insurance Requirements) Plan, the state’s residual market for homeowners insurance, recently made changes to the Plan’s Producer Requirements and Perfor-mance...
Rising to the Top With NAPSLO’s Advanced School
Sep 8 2003 // For four days in early November, experienced surplus lines professionals will have the opportunity to study current trends and issues in their industry at NAPSLO’s Advanced School. Although “RISE TO THE TOP of...
Has ‘Pain and Suffering’ Priced Itself Out of the Market’
Sep 8 2003 // Texas voters have an opportunity on Sept. 13 to remove the joker from an ingenious form of judicial poker that has pushed up insurance costs so high medical providers are being forced to restrict services. Non-economic...
New Texas WC Weekly Benefits Announced
Sep 3 2003 // The Texas Workers’ Compensation Commission recently announced new average weekly workers’ comp wage rates that became effective Sept. 1, 2003. Under Section 408.047 of the Texas Labor Code, the state average...
Republic Acquired by Private Investor Group
Sep 2 2003 // The Republic Group of Insurance Companies, www.Republink.com, based in Dallas, announced the completion of its acquisition by a private investor group, in a cash transaction valued at $127 million. Republic was previously...
Bruce Milligan, President and CEO of Republic Group Passes Away
Sep 2 2003 // The Republic Group of Insurance Companies, of Dallas, is deeply saddened to report the death of the company’s president and chief executive officer, Bruce Robert Milligan. Mr. Milligan, who was 47 and had been...
