Texas News

Former Insurance Company CEO Wants to Withdraw Guilty Plea

A former insurance company chief executive wants to withdraw his guilty plea to bribing El Paso, Texas-area public officials, a plea that brought him an eight-year prison sentence. Prosecutors say Francisco Apodaca made the payments in return for contracts with …

Probation Sentence in Texas Teen’s Fatal DWI Wreck Stirs Ire

A North Texas teen from an affluent family was sentenced to probation this week after he killed four pedestrians when he lost control of his speeding pickup truck while driving drunk, a punishment that outraged the victims’ families and left …

Austin Insurance Professionals’ Donations to Capital Area Food Bank Will Feed 3,000

The Austin Association of Insurance Professionals (AAIP) collected food and money for the Capital Area Food Bank at their November luncheon. At the AAIP luncheon held at the Crowne Plaza Hotel in Austin in November, a total of $750 was …

Expanding Beyond Insurance, GAINSCO Buys Automobile Dealership

Dallas-based GAINSCO Inc. announced that it has expanded its business offerings beyond that of strictly a non-standard personal automobile insurance writer and servicer, and entered the business of owning and operating a franchised automobile dealership. Effective Nov.13, 2013, GAINSCO, through …

Insurance Program Provider Energi Opens New Office in Irving, Texas

Energi, a provider of risk management and insurance programs for the energy industry, has opened a new satellite office in Irving, Texas. The new office is located in The Towers at Williams Square. Energi also plans to open an additional …

South Texas Jury Awards $281 Million in Lawsuit

The family of a man killed by a part breaking off a truck doing Eagle Ford Shale oilfield work has won a $281 million lawsuit judgment from a South Texas jury. The Dimmit County lawsuit stemmed from the May, 29, …

Aspen US Insurance Opens Houston Office

Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the new Houston office will serve …

Insurer Geico Plans to Add Up to 1,000 Texas Jobs

The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people. The company announced that the positions will range from entry-level to what Geico describes as “fast-track management” jobs. The Houston …

TWFG Acquires Ward Business Insurance

The Woodlands, Texas-based TWFG has acquired Ward Business Insurance, located in the Kingwood/Humble, Texas area. TWFG’s proprietary agency systems will be installed into Ward Business and the company will merge into The Woodlands Financial Group. Ward’s owner, Bob Garlington, and …

IBTX Risk Services, Insphere Global Partners and HR Benefits to Merge

IBTX Risk Services, Insphere Global Partners and HR Benefits (formerly member companies of Independent Insurance Group), all based in Texas, have agreed to merge. The merger will create a combined organization poised to deliver risk management services including commercial and …