Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
COLONIAL CASUALTY IN TROUBLE
Oct 14 2002 // A Travis County Grand Jury handed down indictments to a Texas couple alleging that the two stole over $1 million from Colonial Casualty Insurance Company, a workers compensation insurance company based in Dallas. The...
FISHER SAYS OKLAHOMANS ARE SAFE
Oct 14 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Oklahoma Insurance Commissioner Carroll Fisher issued an announcement clarifying that consumers in his...
Strong Action Needed to Stabilize Homeowners Market
Oct 14 2002 // The Texas homeowners insurance market—like many around the nation—is experiencing rising premiums, controversy over mold claims and debate over the use of credit scoring. Texans purchase 3.9 million homeowners...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
AIA Supports Texas’ Development of Stopgap Residual Market
Oct 11 2002 // Given the increasingly complex situation created by Farmers Insurance Group’s recent announcement to leave the Texas homeowners insurance market, the American Insurance Association (AIA) supports the efforts of the...
Seven Found Guilty in Texas of Alleged Water/Mold Scheme
Oct 11 2002 // The Texas Department of Insurance (TDI) announced that seven people who were arrested in the Houston-area in connection with an alleged scheme to defraud insurance companies by intentionally flooding homes and filing bogus...
Alliance’s Woods Testifies Before TDI on Homeowners Crisis
Oct 11 2002 // In testimony before the Texas Department of Insurance (Docket No. 2535) on the departments’ plans to implement stopgap measures to help prevent a homeowners insurance market meltdown, Joe Woods, Southwest regional...
TDI Closes Alleged Houston-Based Scam
Oct 9 2002 // Texas Insurance Commissioner Jose Montemayor issued an emergency cease-and-desist order to shut down an unlicensed Houston-based entity that provides back-up coverage for questionable health plans that cover the employees...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
AFACT Says Plenty of Companies Staying in Texas
Oct 4 2002 // The Association of Fire and Casualty Companies of Texas (AFACT), a property/casualty insurance trade association, announced that its member companies are still offering homeowners policies to Texas consumers and asserted...
Texas WC Discount, Interest Rate Set
Oct 4 2002 // The Texas Workers’ Compensation Commission has determined, pursuant to the authority and direction given under the Texas Workers’ Compensation Act (Texas Labor Code, Section 401.023), that any interest or...
Underwriters’ TX Homeowners Rating System Now Free
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link. The online rater...
TDI Expands Homeowners Options
Oct 4 2002 // Texas Insurance Commissioner Jose Montemayor initiated two actions—a statewide expansion of the Texas Windstorm Insurance Association (TWIA) and triggering of state market assistance programs, called the FAIR (Fair...
New Study Says Mold Hype is Unfounded
Oct 4 2002 // A new report by the Texas Medical Association says the public’s heightened concern over adverse health effects from mold is not supported by medical evidence, according to The National Association of Independent...
NAII Holds Legislative Briefings in Texas
Oct 2 2002 // The National Association of Independent Insurers (NAII) announced it is conducting a series of a series of educational briefings for Texas legislators and their staff to provide background information on how the insurance...
Commissioner Says Texas’ Homeowners Problem Won’t Happen in Okla.
Oct 1 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Insurance Commissioner Carroll Fisher issued an announcement clarifying that Oklahomans are protected...
Texas Insurance Crisis Requires Realistic, Not Political Response
Sep 30 2002 // The Alliance of American Insurers urged Texas government officials and insurance regulators to take a reasoned approach to resolving the homeowners insurance crisis brought on by the announcement that Farmers Insurance...
COURT UPHOLDS DOWNS WC RULING
Sep 30 2002 // The Texas Supreme Court denied a motion for rehearing in the case of Downs v. Continental Casualty Co., Cause No. 04-99-00111-CV, letting stand a previous decision in the case, which concerns the timing of a...
Condition Critical: Med Mal Liability Markets in Dire Need of Rescuscitation
Sep 30 2002 // By now, it’s hardly an exaggeration that medical-malpractice liability insurance markets in several states are in crisis. As is the case with so many other insurance lines, the exodus of medical liability carriers...
