Insurance Council of Texas (ICT) News

Texas Southern, Huston-Tillotson Students Receive Insurance Council of Texas Scholarships

The Insurance Council of Texas (ICT) has awarded academic scholarships to two students at Texas Southern University (TSU) in Houston and three students at Huston-Tillotson University (H-T) students in Austin. ICT honored these five students for their success in their …

Fitzpatrick Elected Chair of Insurance Council of Texas Board

The Insurance Council of Texas (ICT) has elected Thomas Fitzpatrick as chair of the ICT board of directors, beginning Jan. 1, 2018. Fitzpatrick has served on the ICT board since 2008 and most recently served as vice-chair in 2016-17. Fitzpatrick …

Texas Insurance Trade Group Adds 3 More Cities to Smoke Alarm Program

The Insurance Council of Texas (ICT) has distributed 2,000 smoke alarms to fire departments in 20 Texas cities this fall during its annual We’re Out to Alarm Texas smoke alarm campaign. This life saving campaign is adding three new cities …

Head of Texas’ Harvey Recovery Effort Says Agents Need to ‘Step Up’ on Damage Claims

The insurance industry in Texas is not happy with the state’s so-called Hurricane Harvey recovery czar. Texas A&M University Chancellor John Sharp, who was named by Gov. Greg Abbott to lead the Commission to Rebuild Texas, drew a quick response …

ICT Pegs Hurricane Harvey Insured Losses at $19B

The Insurance Council of Texas (ICT) has placed the insured losses from Hurricane Harvey at $19 billion. That number includes an estimated $11 billion in flood losses insured by the National Flood Insurance Program. Insured windstorm and other storm-related property …

Countless Flooded Autos Leave Car-Dependent Houston Struggling

Bryan Harvey is frequently reminded that he shares a name with the storm that dumped 50 inches of rain on metropolitan Houston and unleashed the floods that have him working 14-hour days towing water-logged cars. Even in their despair, some …

Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted

Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. Though insurers should …

ICT Honors Haigood with Raymond Mauk Award

The Insurance Council of Texas (ICT) awarded Lyndell Haigood, former regional vice-president for governmental relations at State Auto, with the 2017 Raymond Mauk Leadership Award. Haigood is the 20th recipient of the award, which was presented in Austin at ICT’s …

ICT on Track to Provide $1M in Insurance Education Funds by Year’s End

With Insurance Careers Month underway, the Insurance Council of Texas (ICT) Education Foundation announced that it expects to have provided more than $1 million in cumulative funding to Texas universities and their insurance and risk management students by the end …

ICT Symposium to Highlight Technological Advancements in Insurance

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 year’s theme as symposium speakers will …