Nonstandard property and casualty insurance holding company, GAINSCO, INC., reported a $1.2 million net loss for the first quarter 2001, compared to a first quarter 2000 net loss of $0.1 million. Fort Worth-based GAINSCO said that a number of 2001 …
Texas Department of Insurance Commissioner José Montemayor issued a bulletin on May 21 warning HMOs and health insurance companies that they risk disciplinary actions if they violate state laws concerning prompt payment to health care providers. Montemayor said TDI intends …
Higginbotham & Associates, an independent insurance agency headquartered in Fort Worth, has initiated a new division to market Professional Employer Organizations (PEOs) for businesses with 10 to 100 employees. The company said the new division represents several highly regarded PEOs …
Austin-based Southwestern Insurance Information Service will hold a public policy forum on catastrophe loss modeling on June 21 in Dallas. The luncheon forum will begin at 11:30 a.m. at the Dallas Intercontinental Hotel. The featured speaker will be Wendy Lavin-Schilling, …
Timberline Insurance Services Inc. is now operating as Guaranty Insurance Services Inc. The company said the name change reflects its long-standing affiliation with the Guaranty Financial Services group within Temple-Inland Inc. Founded in 1957, Austin-based Guaranty Insurance Services (formerly Timberline) …
All the recent talk about the Gramm-Leach-Bliley Act got me to thinking about privacy and particularly privacy on the Internet. That led me to The Devil’s Rope—the invention of Joseph Glidden, the Father of Barbed Wire. As we know, his …
Wade Spilman was always proud to say that, even though he wasn’t an insurance agent, he spent so much of his life working with, and on behalf of, agents that he often found himself thinking like an agent. IIAT will …
Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. +20% CT DC …
The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the responsibility of managing back office procedures for both Lloyd’s and …
Following is an overview of the 77th Texas Legislature offered by Bo Gilbert, CPCU, IIAT Director of Governmental Affairs. For a complete analysis of these bills as well as other bills that passed this legislative session, look under industry issues …
