Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
Who Got Money in Small Business Paycheck Protection Program?
Apr 17 2020 // WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture...
Texas Urges Insurers to Work with Commercial Customers on Premium Adjustments
Apr 15 2020 // The Texas Department of Insurance has issued a bulletin to insurers to urging them to work with commercial policyholders that have premiums based on payroll, sales, or a similar auditable exposure. TDI requests that...
Texas’ Oil and Gas Regulators Not Ready to Cut Production
Apr 15 2020 // Facing a steep drop in oil demand with much of the world staying home to practice social distancing, more than 55 energy executives, analysts and critics appeared one after another Tuesday at a video meeting of the Texas...
Texas DWC Adopts Emergency Rule on Telemedicine, Telehealth
Apr 14 2020 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has adopted a new emergency rule relating to telemedicine and telehealth for physical medicine and rehabilitation services. New 28 Texas...
Texas Delays FAIR Plan Rate Changes; OKs Windstorm Insurer Policy Forms
Apr 13 2020 // The Texas Department of Insurance has moved the effective date of approved rate changes for the state’s FAIR Plan from May 1, 2020, to Aug. 1, 2020. TDI said the date change was due to the impact of the coronavirus...
Woodlands Insurance Acquiring Gulfstream’s Texas Homeowners Renewal Rights
Apr 13 2020 // The Woodlands Insurance Co. (TWICO) has completed a renewal rights agreement with Florida’s Gulfstream Property & Casualty Insurance Co. (Gulfstream) to acquire Gulfstream’s book of homeowner business in...
Germania Insurance to Return Nearly $6M to Personal Auto Customers in Texas
Apr 9 2020 // In light of the reduction in drivers on the road due to COVID-19 epidemic, Texas-based Germania Insurance will give back nearly $6 million in credits to its personal auto insurance policyholders. The company said through...
Coast Guard Orders Cruise Ships in Galveston to Form Medical Plans
Apr 9 2020 // The U.S. Coast Guard has determined that crew members on cruise ships and vessels in Galveston, Texas, present a public health risk of spreading the new coronavirus and urged operators to form medical plans to care for...
Texas Surplus Lines Filings Up 14.5% in Q1 2020 Compared with Q1 2019
Apr 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines insurance premium recorded for the first quarter of 2020 is up 14.5% compare with the same period last year. Additionally, the Q1 2020...
Texas Windstorm Insurer Lowers Initial Premium Amount Due; Extends Payment Deadline
Apr 7 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 Two Months Early
Apr 7 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months early than scheduled. The company has historically paid dividends in June,...
Implementation of New Texas Coastal Building Code Extended to September
Apr 6 2020 // The start date for implementation of the new building code standard for Texas’ property insurance provider for wind and hail in counties along the state’s coastline has been extended. The Texas Department of...
Chubb Vows No Layoffs During Coronavirus Crisis; Pledges $10 Million to Relief Efforts
Apr 6 2020 // Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
Insurer, Go, Offering 50% Discount on Auto Insurance for Essential Workers in Texas
Apr 3 2020 // Silicon Valley-based insurance company, Go, is now offering a 50% discount on auto insurance to all essential workers in Texas who are on the front lines of the COVID-19 crisis. Go has partnered with Redpoint County Mutual...
Toilet Paper-Hauling Truck Catches Fire on Texas Interstate
Apr 2 2020 // A tractor-trailer hauling toilet paper crashed and caught fire near Dallas early Wednesday, spilling the hot commodity all over an interstate. The fire shut down westbound lanes of Interstate 20 near Interstate 45 in...
As Demand Sinks Amid Pandemic, Texas Shale Producers Ask State to Cut Oil Output
Apr 1 2020 // Two Texas oil companies with large footprints in the West Texas oil patch have sent a letter to state regulators formally requesting an emergency meeting to consider reducing oil production as demand for oil around the...
Texas’ Insurance Agency Higginbotham Buys Delivery Meals for Service Workers
Mar 31 2020 // Fort Worth, Texas-headquartered insurance and financial services firm, Higginbotham, is purchasing meals from local eateries that have temporarily reduced their operations to take-out and delivery due to COVID-19 mandates....
Texas Mutual Donating $2M in Grants to Nonprofits Providing COVID-19 Relief
Mar 31 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., is donating $2 million in grant funding for nonprofit organizations across the state that are vital to COVID-19 relief and recovery. The grants will go to 40...
Texas Insurance Regulators Expediting Review of COVID-19 Coverage Filings
Mar 31 2020 // The Texas Department of Insurance (TDI) said it is expediting approvals for property/casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Recent filings related to...
