August 4, 2008
The Texas Department of Insurance has estimated that between 15 percent and 20 percent of drivers in Texas are uninsured, but a pilot program testing a new auto insurance verification system — TexasSure — found that 25.5 percent of drivers …
August 4, 2008
Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …
August 4, 2008
An El Paso, Texas, woman faces up to 20 years in prison and repaying $940,000 to an insurance company where she worked. United States Attorney Johnny Sutton said 42 year-old Olivia Enriquez pleaded guilty on July 23 to one count …
August 4, 2008
Exclusions Yates Carpet Inc. v. The Travelers Lloyds Insurance Co. Texas Appeals 7th Circuit, June 19, 2008 Breach of contract exclusion precludes coverage for all claims bearing even an incidental relationship to alleged breach of contract. The claimant alleged that …
August 4, 2008
Buyers who purchase their auto insurance policies through local agents give higher average satisfaction scores compared with those who purchase policies from call center representatives or via Internet channels, a new study indicates. “Buyers who use insurance agents are also …
August 4, 2008
Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal legislation would be required to enact the outlined concept, which includes …
August 4, 2008
Funding, funding, funding. Those are three most important issues for the Texas Windstorm Insurance Association in advance of the 2009 legislative session, according to one industry lobbyist and advisor. There are other issues of concern for TWIA, but the most …
August 4, 2008
$300,000 Capitol County Mutual Fire Insurance Company, disciplined by Texas regulators for its handling of claims after Hurricane Rita, could face up to $300,000 in fines after the release of an audit by the Texas Department of Insurance. The Associated …
August 4, 2008
Workers’ Comp Expert Advises Employers on Surviving Today’s Demographics About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure in the U.S. is a formidable threat …
August 4, 2008
Catastrophe risk specialist RMS says the insurance bill for damage from Hurricane Dolly, which hit Southwest Texas on July 23, may go as high as $750 million, while Boston-based AIR World-wide estimates damages between $350 million and $700 million for …