Latest Texas Headlines
All the headlines from our Texas Topic Page, ordered by recency.
ICT Symposium to Highlight Technological Advancements in Insurance
Jun 14 2016 // The Insurance Council of Texas (ICT) announced its Mid-Year Property and Casualty Insurance Symposium returns to Austin’s Sheraton Hotel on July 13 and 14. Evolve and Adapt, Insurance for the Next Generation is this...
Central Texas Chiropractor Gets 14-Year Sentence for Work Comp Referral Scam
Jun 14 2016 // A Central Texas chiropractor must serve 14 years in prison and repay the U.S. government nearly $18 million in a workers’ compensation referral scam. Prosecutors say Garry Wayne Craighead of Leander ran clinics...
President Declares 12 Texas Counties Major Disaster Areas
Jun 13 2016 // President Barack Obama has declared a major disaster in 12 Texas counties throughout the state that suffered severe flooding last month during heavy rainfall. The declaration, approved on June 11, covers Austin, Brazoria,...
Consumer Advocates Urge Denial of Texas Homeowner Policy Arbitration Endorsement
Jun 9 2016 // A Texas insurance company has filed to offer an optional endorsement to its homeowners insurance policy that would require mandatory arbitration in claims disputes in exchange for a premium discount, and the head of the...
Texas to Hold Hearing on Mandatory Mediation-Arbitration Endorsements
Jun 9 2016 // At least one insurer in Texas has filed to add an endorsement to the homeowners policy that would require mandatory mediation-arbitration in claim disputes. The endorsement would be attached to a homeowners policy at the...
Outlooks Revised to Stable for Hallmark Financial Services, Subsidiaries
Jun 9 2016 // Ratings agency, A.M. Best, has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of...
Texas Governor Adds More Counties to Disaster Declaration, Requests Federal Aid
Jun 9 2016 // Texas Gov. Greg Abbott has added Brown, Caldwell, Callahan, Clay, Comanche, Eastland, Falls, Hardin, Harris, Houston, Madison, Somervell, Stephens, Travis and Trinity to the list of counties declared disaster areas...
Arthur J. Gallagher Acquires Texas-Based Ashmore & Associates Insurance
Jun 7 2016 // Arthur J. Gallagher & Co. has acquired Ashmore & Associates Insurance Agency Inc. headquartered in Lubbock, Texas. Terms of the transaction were not disclosed. Founded in 1984, Ashmore & Associates Insurance...
AIR Worldwide: Storms in Texas Brought Up to 600% of Long-Term Average Rain Amounts
Jun 7 2016 // Catastrophe modeling firm, AIR Worldwide, reports that over the last several weeks, much of Texas has experienced 400 percent to 600 percent of long-term average rainfall amounts. The storms have subsided for now, but...
Rain Slows, But Flooding Continues in Southeast Texas
Jun 6 2016 // The heavy rain that’s been hovering over parts of southeast and central Texas and caused deadly flooding began to lift on Saturday, June 4, but officials said the flooding emergency near the Gulf Coast was worsening...
Business Moves
Jun 6 2016 // Risk Strategies, John Buttine Risk Strategies Co. has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were...
TWIA Expects $4.9B in Funds for 2016 Hurricane Season
Jun 6 2016 // While reinsurance for the 2016 hurricane season hasn’t yet been nailed down, Texas’ insurer of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in funds available for...
People – South Central
Jun 6 2016 // Insurance broker Lockton announced it will create two new business teams to align its Texas operations. Lockton’s Houston, San Antonio, Dallas and Fort Worth property/casualty operations will combine into a single...
Texas Health Underwriters Awarded Blue Ribbon of Excellence
Jun 3 2016 // The Texas Association of Health Underwriters has been recognized with the Blue Ribbon of Excellence Award from the National Association of Health Underwriters. Texas was recognized for this award as part of NAHU’s...
Texas Coast Wind Insurer: Position for Hurricane Season Is ‘Strongest-Ever’
Jun 3 2016 // With its reinsurance program now in place, the Texas Windstorm Insurance Association (TWIA) says it is in its strongest-ever position for this year’s hurricane season with $4.9 billion in total funding available to...
Record Brazos River Flooding Inundating Southeast Texas
Jun 1 2016 // Residents of some rural southeast Texas counties braced for more flooding along a river that is expected to crest at a record level just two years after it had run dry in places because of drought. National Weather Service...
Atlantic, Gulf States, Metro Areas Ranked by Homes Exposed to Storm Surge: CoreLogic
Jun 1 2016 // More than 6.8 million homes on the Atlantic and Gulf coasts are in danger of hurricane storm surge damage. The total cost for reconstruction of the homes located in 19 states and the District of Columbia is more than $1.5...
At Least 6 Dead, 2 Missing After Floods in Texas, Kansas
May 31 2016 // Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin was one of...
Purifoy Elected President of Combined Agents of America
May 31 2016 // The independent insurance agency network, Combined Agents of America LLC (CAA), has elected Mack Purifoy to serve as president for the coming year and secretary David Wellmann to serve as secretary. Purifoy owns Purifoy...
Texas’ Coastal Wind Insurer Expects $4.9B in Funds for 2016 Hurricane Season
May 27 2016 // While its reinsurance plans for the 2016 hurricane season haven’t yet been nailed down, Texas’ insurance company of last resort for wind and hail along the Texas coast expects to have around $4.9 billion in...
