Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
More than 3K Broken Pipe Insurance Claims Expected in Texas After Deep Freeze
Jan 22 2018 // Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders...
Texas Workers’ Comp Division Accepting More Comments on Compounded Drug Rule
Jan 22 2018 // The Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) is accepting comments through Feb. 20 on a compounded drug rule that was first proposed in June 2017. On June 16, 2017, DWC...
Idea of Texas Coastal Barrier Resurrected Post-Harvey
Jan 22 2018 // A study suggests if the Houston area continues to boom for 60 years and sea levels rise, a direct hit to Galveston from a massive hurricane could destroy $31.8 billion worth of homes, the Houston Chronicle reported. Texas...
Texas Surplus Lines Premium Up by 66% in 10 Years
Jan 22 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). The numbers represent a 6.5 percent growth...
Settlements Reached in West, Texas, Fertilizer Plant Explosion
Jan 22 2018 // The city of West, Texas, and several other plaintiffs have reached settlements and partial settlements of claims stemming from a deadly explosion in the central Texas town. An April 13, 2013, blaze heated up 30 tons of...
Business Moves
Jan 22 2018 // Ryan Specialty Group LLC, Kerwick & Curran Inc. Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran Inc. Terms of the transaction were not...
A.M. Best Assigns Credit Ratings to Texas’ Pan-American Casualty
Jan 19 2018 // A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas, a wholly owned indirect subsidiary of...
A.M. Best: Ratings Outlooks Negative for Texas-Based Standard Casualty
Jan 18 2018 // A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Standard Casualty Co. (Standard...
Harvey-Devastated Texas Coastal Towns Still Working on Recovery
Jan 17 2018 // Some Texas coastal towns where Hurricane Harvey made landfall are working to restore tourism and other economic attractions nearly five months after the storm. Hundreds of businesses in Rockport and Fulton are now open...
Settlements Reached in West, Texas, Fertilizer Plant Explosion
Jan 17 2018 // The city of West, Texas, and several other plaintiffs have reached settlements and partial settlements of claims stemming from a deadly explosion in the central Texas town. An April 13, 2013, blaze heated up 30 tons of...
Texas Workers’ Comp Division Seeks Comments on Compounded Drug Rule
Jan 16 2018 // The Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) is accepting comments through Feb. 20 on a compounded drug rule that was first proposed in June 2017. On June 16, 2017, DWC...
Philadelphia Insurance Cos. Employees Plant Trees in Wildfire-Devastated Texas Park
Jan 12 2018 // Fifty Philadelphia Insurance Companies (PHLY) employees are supporting the company’s efforts to plant 80,000 trees for the third consecutive year through a two-day project near Austin, Texas. Employees have finished...
Idea of Texas Coastal Barrier Resurrected After Harvey
Jan 11 2018 // A new study suggests if the Houston area continues to boom for 60 years and sea levels rise, a direct hit to Galveston from a massive hurricane could destroy $31.8 billion worth of homes, the Houston Chronicle...
Independent Insurance Agents of Plainview, Texas, Merges with Higginbotham
Jan 9 2018 // Fort Worth, Texas-based retail insurance broker, Higginbotham, and Independent Insurance Agents of Plainview (IIAP) have merged operations. With the addition of IIAP in Plainview, Higginbotham now has 27 offices in...
Texas Regulators Reveal 2017’s Top Insurance Fraud Cases
Jan 8 2018 // 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...
Texas-Based M.D. Jensvold Co. Changes Name to LP Risk
Jan 8 2018 // Houston, Texas-based wholesale insurance brokerage, M. D. Jensvold Co. Inc., has changed its name to LP Risk, the firm’s owner, Landon Parnell, announced. This new name reflects the company’s evolving focus,...
2018 Insurance Industry Meetings & Events Directory
Jan 8 2018 // CIWA Industry Days Jan 8-10 Hilton La Jolla Torrey Pines La Jolla, Calif. California Insurance Wholesalers Association (CIWA) Contact: Thomas Shovlin, thomas@ciwa.net The 19th Annual Windstorm Insurance Conference Jan...
People
Jan 8 2018 // Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly...
Texas Workers’ Comp Costs Continue to Drop
Jan 8 2018 // More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation...
New Year’s Fireworks Cause $1.2M in Damage in Texas’ Harris County
Jan 5 2018 // The Harris County Fire Marshal’s Office says a dozen fires blamed on fireworks in unincorporated areas of Texas’ most populous county over New Year’s Eve and New Year’s Day caused about $1.2 million...
