Texas News

Small Business Insurance Provider AssureStart to Launch in Texas

Madison, Wis.-based American Family Insurance is partnering with Seattle-based start-up, AssureStart, to sell small business insurance online to Texas businesses beginning in mid-November. After launching in Texas, AssureStart plans to enter three more states – Maryland, Pennsylvania and Washington – …

Nationwide Insurance Recruiting New Agents in Texas

Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the Dallas, Fort Worth, Austin and San Antonio, Texas markets. Nationwide Insurance Advantage Program agents will serve as independent contractor exclusive …

Hubbard Joins Towerstone to Lead New Environmental Practice

Wholesale insurance broker and managing general agency, Towerstone, announced that Jeffrey Hubbard has joined the company as director of its new environmental practice in Dallas. Hubbard brings more than 20 years of experience and expertise in the environmental risk insurance …

Marsh & McLennan Agency Acquires Texas’ Elsey & Associates

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were not disclosed. Founded in 1978 as …

Looming Flood Insurance Rate Hikes Worry Galveston

Residents, business owners and officials in Galveston, Texas, are worried about the prospect of flood insurance premiums spiking due to recent changes in federal law. Legislation passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result …

Farmers Insurance, Texas Reach Tentative Deal on Mold Claims

The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, which would be one of the largest insurance settlements in state history but less than what some people wanted. A …

INSURICA Adds Winans as Associate Director of Sales Development

Oklahoma City-based INSURICA Insurance Management Network has hired David Winans as associate director of sales development in the firm’s Plano, Texas, office. A 21-year veteran of the insurance industry, Winans worked for a large Dallas insurance agency as a producer …

Billions in Flood Insurance Liability at Stake from Central Texas Storms

Central Texas is mopping up after strong storms dumped more than a foot of rain in some areas and many homeowners likely will be hoping they have flood insurance in place to cover the damage. The National Weather Service reported …

Flooding in Central, Southeast Texas Prompts Evacuations

A flash flood watch remains in effect for Central Texas counties today after torrential rains – up to 14 inches reported in some areas – flooded hundreds of homes overnight. Especially hard hit were southern Travis and northern Hays counties, …

Good Alignment Between All Parties Benefits Insurance Agency Buyout

Situation: A majority partner wants to sell the agency; the rest of the partners don’t. What to do? Gaylon Brown and his partners had that problem last year. When he received a marketing email from Carmel, Ind.-based Oak Street Funding …