Texas / South Central News

Texas Insurance Executive Named President of Surety Bond Producers Association

John M. Rindt, executive vice president of the Surety Division of JDW Insurance, an El Paso, Texas-based insurance agency, has been installed as the president of the National Association of Surety Bond Producers (NASBP). The NASBP is an international trade …

Use of Credit-based Insurance Scores Upheld in Texas

Texas law permits an insurer to use race-neutral factors in credit scoring to price personal lines of insurance. That’s the conclusion the Texas Supreme Court came to in considering a certified question from the Ninth Circuit court in a class …

Demise of Windstorm Agency Overhaul Prompts Special Session in Texas

Texas lawmakers were unable to come to terms on an overhaul of the state-backed insurer of last resort for wind and hail along the Texas coast, so they’ll be returning to Austin in July to try again. Their failure to …

Certificates of Insurance Bill Heads to Texas Governor

The Texas Legislature has passed a measure that requires regulatory approval of property and casualty certificate of insurance forms provided to insureds as proof of coverage. Certificates of insurance are widely used in commerial insurance, especially in the construction industry, …

Okla. Regulator Warns Residents About Risks of Leaving Children in Vehicles

Oklahoma Insurance Commissioner John Doak warned the state’s residents on Thursday about the fatal dangers of leaving unattended children inside vehicles. Doak said, “2010 was a record year for hyperthermia deaths of children in the United States, with 49 youngsters …

Homeowners of America Insurance Names Rosentraub CFO

Homeowners of America Insurance Co., based in Irving, Texas, has named Michael C. Rosentraub as chief financial officer. Rosentraub has over 20 years of experience in the insurance and financial services industries in the United States, Europe, and Asia. Prior …

Texas Mutual to Distribute $155M in Policyholder Dividends

Texas Mutual Insurance Co. plans to distribute $155 million in workers’ compensation dividends in 2011. Dividends reward loyal policyholders who share Texas Mutual’s commitment to preventing workplace accidents and helping injured workers get back on the job. Texas Mutual will …

Multiple Storms Pound North Texas with Large Hail

The Dallas Fort Worth area was once again ground zero for a series of severe thunderstorms that pounded the area with baseball size hail on May 24. Four inch hail was reported in several cities including Irving, Carrolton, Southlake, Keller, …

Oklahoma Insurance Commissioner Declares Emergency Following Tornado Outbreak

Oklahoma Insurance Commissioner John Doak has issued an emergency order that will enable licensed out-of-state claims adjustors to immediately assist Oklahomans who suffered damage and losses from the May 24 tornado outbreak. “This order will help Oklahomans begin to recover …

MHBT Appoints Raetzman New Employee Benefits Producer

Privately owned insurance and risk management firm, MHBT, announced that Drew Raetzman has joined the Dallas office as an employee benefits producer. Raetzman will work with clients to help them identify benefits solutions that will best meet the needs of …

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