Latest Texas Headlines

All the headlines from our Texas Topic Page, ordered by recency.

People Moves: Texas Mutual Promotes Sherrouse and Dowling to VP Positions

Oct 24 2023 // Texas Mutual Promotes Sherrouse and Dowling to VP Positions Texas Mutual Insurance Company, headquartered in Austin, Texas, promoted two current employees to vice president. Peppia Sherrouse is Texas Mutual’s new...

Judge Rules Against Alex Jones, Denies Bankruptcy Protection in Sandy Hook Lawsuit

Oct 24 2023 // HOUSTON (AP) – A Texas judge has ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying more than $1.1 billion to families who sued over his conspiracy theories that the Sandy Hook school...

Texas Cities Struggle to Quit Coal Power as Demand Rises and Market Incentives Favor Fossil Fuels

Oct 23 2023 // Two dates in recent memory have shaped the uncertain future of the Fayette Power Project, a coal-fired power plant near La Grange.First, on March 26, 2020, the Austin City Council approved an emissions-reduction plan that...

Summer Heat May Have Cost Texas Economy $24 Billion: Dallas Fed

Oct 19 2023 // Each degree of warming in Texas slows the state’s economy, an analysis by economists at the Federal Reserve Bank of Dallas found.Extreme heat this year may have cost the Texas economy $24 billion, or reduced the...

Startup Climeworks Battles Big Oil for the $1 Trillion Future of Carbon Capture

Oct 19 2023 // Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG,...

Texas Department of Insurance Names Rudnai as Captive Specialist

Oct 18 2023 // The Texas Department of Insurance (TDI) has announced the hiring of Robert Rudnai as its captive insurance specialist. Rudnai is responsible for licensing and monitoring Texas-based captives and alerting businesses to the...

People Moves: Newfront Adds Burns, Sheppard in Texas

Oct 16 2023 // Newfront Adds Todd Burns and Lee Sheppard in TexasNewfront, a tech-driven insurance brokerage firm based in San Francisco, has expanded its footprint with strategic additions in Austin, Texas. Todd Burns joins as Senior...

AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues

Oct 16 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the rating firm said hinder the insurance giant’s ability to...

Texas Supreme Court Hears Arguments on Attorney Fee Awards When Appraisal Awards Are Paid

Oct 13 2023 // Insurance defense attorneys last week urged the Texas Supreme Court to uphold the “plain language” of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the...

Texas Mutual Awards Over $2M in Safety Grants

Oct 11 2023 // Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, has awarded over $2 million in safety grants to policyholders. The safety grant program opened in July and...

ALKEME Acquires Cartier Insurance Service Group in Texas

Oct 10 2023 // ALKEME acquired Cartier Insurance Group in Houston, Texas and serving Texas, California and Arizona. Cartier Insurance Company is focused on insurance for the trucking and transportation industry and has diversified its...

Physician and Pharmacists Charged in Texas for $170M Fraud Scheme

Oct 6 2023 // A 13-count indictment was unsealed today charging two pharmacists and a physician for their roles in a multimillion-dollar healthcare fraud, kickback and money laundering scheme.A federal grand jury in Houston returned the...

Federal Judge Dismisses Lawsuit Alleging Discrimination in Texas A&M Faculty Fellowship Program

Oct 5 2023 // A federal judge has dismissed a lawsuit brought against Texas A&M University claiming a faculty fellowship program at the flagship in College Station discriminated against white and Asian male candidates.In a decision...

Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses

Oct 4 2023 // Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large degree, right?Yes, but insurers also are seeing a...

Musk Facing Defamation Suit in Texas Over Posts That Falsely Identified Man in Protest

Oct 4 2023 // A California man who says he was harassed after Elon Musk amplified posts on his social media platform X, formerly known as Twitter, that falsely placed the man at a confrontation involving far-right protesters sued the...

Lingering Drought and Wildfires Plague Texas, Threatening Water Supplies and Agriculture

Oct 3 2023 // A lingering drought affecting more than 80% of Texas is causing wildfires, hurting agriculture and drying up water supplies throughout the state.This year’s drought comes less than a year after Texas experienced one...

Texas Investment Firm Settles Fraud Lawsuit for $2.51 Million Over Madoff Ponzi Scheme

Oct 2 2023 // A Texas investment firm agreed on Friday to pay $2.51 million to settle a U.S. government lawsuit accusing it of fraudulently obtaining payments from a fund meant to compensate victims of Bernard Madoff’s massive...

Many US Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers

Oct 2 2023 // Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house in Kula, a rural mountain town 24 miles away, from a different blaze.As high winds whipped burning...

Business Moves

Oct 2 2023 // McConkey Insurance & Benefits, Gallen Insurance AgencyMcConkey Insurance & Benefits, an independent insurance agency based in York, Pennsylvania, has acquired Gallen Insurance Agency, located in Berks County....

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

Sep 29 2023 // When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget...