Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Velocity Risk Unveils New Coastal Homeowners Product for Florida, Texas
Apr 29 2020 // Velocity Risk Underwriters LLC has expanded its insurance products for homeowners in coastal areas of Florida and Texas. The company launched Velocity Flex Home as an additional homeowners product in Texas and Florida to...
NICB: Texas Again Claims Top Spot for Hail Claims
Apr 28 2020 // A three-year analysis National Insurance Crime Bureau (NICB) of insurance claims associated with hailstorms in the United States shows Texas once again leads all states in hail claims by a wide margin. NICB’s report...
Texas AG Accuses Largest Egg Producer in US of Price Gouging
Apr 28 2020 // Texas’ attorney general has accused the nation’s largest egg producer of price gouging during the coronavirus pandemic. A lawsuit filed by Republican Attorney General Ken Paxton alleges that Cal-Maine Foods...
Texas High Court Allows Prompt Payment Claim Against State Farm Lloyds
Apr 28 2020 // Texas’ high court recently reversed the ruling of an appeals court in a case involving whether an insurer’s payment of an appraisal award negates an insured’s claim against the carrier under the Texas...
Top States, Cities For Insurance Claims for Hail Damage
Apr 28 2020 // Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of...
Texas Attorney General Sues to Halt Deceptive Insurance Marketer
Apr 27 2020 // A robocalling company attempting to sell fraudulent and deceptive health insurance plans has been sued by Texas Attorney General Ken Paxton for alleged violations of the Texas No Call Act and the Texas Deceptive Trade...
Update: At Least 7 Dead After Storms in Oklahoma, Texas and Louisiana
Apr 24 2020 // Severe weather moved through the South on April 23 after killing at least seven people in Oklahoma, Texas and Louisiana, including a worker at a factory hit by an apparent tornado, a man whose car was blown off the road...
XPT Specialty Acquires Texas MGA, LP Risk
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
Deadly Tornadoes Slam Louisiana, Oklahoma, Texas
Apr 23 2020 // At least six people were killed and dozens were injured when tornadoes swept through Oklahoma, Louisiana and Texas on April 22, according to media reports. In a media release issued by the Texas governor’s office,...
Runyan Joins Homeowners of America Insurance in Texas as CFO
Apr 23 2020 // Homeowners of America Insurance Co. (HOAIC), a property/casualty insurance provider headquartered in Irving, Texas, appointed Richard B. Runyan as its new chief financial officer (CFO) effective March 16, 2020. Runyan...
Texas to Insurers: Credit Score Exemption Rules Apply During Pandemic
Apr 22 2020 // The Texas Department of Insurance (TDI) has issued a reminder to carriers that Insurance Code Section 559.103 provides for exceptions to the use of credit scores affected by certain events, including temporary job...
Analysis: It’s Not the Whole Texas Economy, But Energy Is a Critical Piece
Apr 22 2020 // If it lasts, this week’s plunge in oil prices could hit the Texas economy in ways that make it much harder for state and local governments to help the state’s residents. It’s part of a double whammy on...
Some Onsite Agent, Adjuster Licensing Exams Now Available in Texas
Apr 22 2020 // Texas insurance regulators say agents and adjusters can now take licensing exams at select sites in the state. The testing locations for Pearson VUE, the state’s testing contractor, had previously been closed do to...
SLTX: New Surplus Lines Complaint Notice Required Starting May 1
Apr 21 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that a revised complaint notice for surplus lines insurance policies has been adopted by the Texas Department of Insurance (TDI). The revised notice must be...
TWFG Acquires Personal, Commercial Business of Texas’ Panoptic Insurance
Apr 21 2020 // TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance. The acquisition is effective April 17, 2020. Panoptic Insurance,founded in...
TDI Modernization Efforts Paying Off During Pandemic, Commissioner Says
Apr 20 2020 // The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on...
Business Moves
Apr 20 2020 // East The Hilb Group, D.F. Dwyer & Associates The Hilb Group LLC has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC. The transaction became effective February 1, 2020. Based in Newport,...
Texas Windstorm Insurer Implements Accommodations for Policyholders
Apr 20 2020 // Texas’ property insurer of last resort for wind and hail in counties along the state’s coastline is temporarily reducing the amount of premium due in order to issue a policy and providing 75 days to pay the...
Texas Mutual to Distribute $330M in Policyholder Dividends Early
Apr 20 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months earlier than scheduled. The company said it has historically paid dividends...
Texas Surplus Lines Premium Increases in Q1 2020
Apr 20 2020 // Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas...
