Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Arthur J. Gallagher Subsidiary, Artex Risk, Acquires Texas’ EWI Re
Nov 21 2019 // Artex Risk Solutions Inc., a captive and alternative risk transfer specialist subsidiary of Rolling Meadows, Illinois-based global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher...
Mexicans Sue Walmart Over Deadly Texas Shooting
Nov 21 2019 // Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its...
Texas Windstorm Insurer’s Actuarial Committee Recommends 5% Rate Hike
Nov 20 2019 // When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a 5% rate increase recommended by the...
Outlooks Revised to Negative for Members of Texas’ Slavonic Mutual Group
Nov 20 2019 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance...
Texas On-Demand Delivery Service Now Providing Commercial Auto Insurance to Drivers
Nov 19 2019 // Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery...
Fire Damages, Destroys Buildings at Famous Texas Wurstfest Venue
Nov 19 2019 // Fire destroyed one building and damaged another last week on the grounds for an annual festival celebrating German culture in the Texas city of New Braunfels. While fire officials work to determine the cause, Wurstfest...
People & Places
Nov 18 2019 // National W. R. Berkley Corp. has appointed Marlo M. Edwards as president of Verus Underwriting Managers. Edwards succeeds Dale H. Pilkington, who is retiring. Edwards joins Verus with 20 years of experience in the property...
Higher Limits of Liability for 2020 Denied for TWIA
Nov 18 2019 // In mid-October, Texas Insurance Commissioner Kent Sullivan denied a request by the Texas Windstorm Insurance Association (TWIA) to raise its maximum liability limits for new and renewal policies with an effective date of...
Rate Increases OK’d for Texas Automobile Insurance Plan Association
Nov 18 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s...
Texas Warns of Insurance Deductibles Scam Following Dallas Storms
Nov 18 2019 // Texans with property in locations that were hit by the severe weather that swept through Dallas and North Texas on Sunday, Oct. 20 are now targets of a scam involving insurance deductibles, insurance regulators say. The...
TWIA Struggles with Rate Making as Policyholders, Lawmakers Object to Higher Costs
Nov 18 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
As Texas Windstorm Insurer Mulls Rates, Policyholders, Lawmakers Strongly Oppose Hikes
Nov 15 2019 // Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a...
Mier Named President of Texas Surplus Lines Association
Nov 15 2019 // Jennifer Mier, executive vice president with AmWINS Group in Dallas, has been elected president of the Texas Surplus Lines Association. Other officers elected at the group’s 64th Annual Meeting on Nov. 11 in Austin...
Texas Oilfield Services Firms to Pay $1.2M to Settle Federal Race Discrimination Suit
Nov 14 2019 // Two Houston-based oil field services companies have agreed to pay a total of $1,225,000 to settle a race discrimination and retaliation lawsuit filed by federal officials. According to the U.S. Equal Employment Opportunity...
Environmental Impact of Texas Petrochemical Plant Fire Unclear
Nov 13 2019 // Researchers are uncertain about the environmental impact of toxic chemicals used to extinguish a three-day blaze at a Houston-area petrochemical storage facility after some leaked into a busy commercial waterway. The fire...
Rate Increases Approved for Texas Auto Insurer for Residual Market
Nov 12 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s...
Texas Windstorm Insurer Actuarial Committee to Meet Again for Rate Review
Nov 12 2019 // The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) will meet Tuesday, Nov. 19 at 1:30 pm for review and possible action regarding development of recommendations to the...
Vertus to Offer Hurricane Deductible Buy-Back Insurance in Texas
Nov 12 2019 // Vertus Insurance Partners, a Florida-based managing general agent and provider of specialized catastrophic risk protection insurance products is entering the Texas marketplace with its homeowners’ hurricane...
Herrera Appointed Director of Operations at Texas Surplus Lines Stamping Office
Nov 8 2019 // The Surplus Lines Stamping Office of Texas (SLTX) has named Cheyenne Herrera director of Operations. Herrera originally joined SLTX in 1998 as a data entry clerk. She oversaw the implementation of the Electronic Filing...
Texas Insurance Industry, Local Police Team Up for Vehicle Crime Prevention
Nov 8 2019 // Auto burglaries and thefts affect over 250,000 motorists each year in Texas resulting in more than $1 billion in losses according to the Motor Vehicle Crime Prevention Authority (MVPCA). Now through a program sponsored by...
