Texas Department of Insurance (TDI) News

Texas Accepting Input on Amendments to Agent Licensing Rules

The Texas Department of Insurance (TDI) published proposed updates to Chapter 19 of the Texas Administrative Code, regarding agent and adjuster licensing and continuing education requirements on March 9 and is accepting written comments on the proposals. If adopted, Chapter …

Texas Towing Company Owner Convicted of Insurance Fraud

The former owner of towing company was convicted of fraud in Houston after buying insurance coverage after a wreck and then filing a claim with the wrong date, the Texas Department of Insurance announced. Mohamad Awad, the former owner of …

Texas Regulators Reveal 2017’s Top Insurance Fraud Cases

Texas Department of Insurance fraud investigations in 2017 resulted in 135 suspects referred for prosecution, 113 indictments, and $2.3 million in court-ordered restitution for victims. TDI described some of the most significant cases resolved last year as: Gainesville, Texas, clinic …

2016 Texas Hail Losses Exceed $5B

Wind and hail loss information for 2016 released recently by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion, the Insurance Council of …

Texas Seeks Property Insurers’ Catastrophe Area Premium Data

The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help the Texas Windstorm Insurance Association calculate participation …

Texas Seeking Public Members for Insurance Guaranty Boards

The Texas Department of Insurance (TDI) is accepting applications through March 1 for public members of two boards: The Texas Property and Casualty Insurance Guaranty Association Board of Directors. The board oversees the association, which helps protect Texans if a …

Texas OKs New Rule for Wrap-Up Construction Project Policies

The Texas Department of Insurance (TDI) has approved a filing by the National Council on Compensation Insurance (NCCI) to establish eligibility requirements for wrap-up construction project policies. The changes in Item 02-TX-2016 apply to new and renewal workers’ compensation policies …

Candidates for Texas FAIR Plan Association Governing Committee Sought

The Texas Department of Insurance (TDI) is accepting applications for the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private market. Applications …

Texas Regulators Seek Data on Residential Property Hail Litigation

The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims. The Regulatory Policy Division is collecting this information to assist the …

Texas Seeking Professionals for Windstorm Model Peer Review

The Texas Department of Insurance (TDI) is seeking professionals to conduct a peer review of a model developed to determine causes of insured losses on the coast. The model was developed by an expert panel appointed to advise the Texas …