All the headlines from our Texas Topic Page, ordered by recency.
Jun 2 2008 // An appeals court in Texas overturned a $7.75 million verdict against Merck & Co involving its withdrawn pain drug Vioxx, May 14, ruling that evidence presented at trial failed to prove the medicine caused the heart...
Jun 2 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.Energy Risks Market Detail: MarketScout has...
May 30 2008 // Commissioner of Workers’ Compensation Albert Betts approved 10 companies, employing approximately 31,400 employees in Texas, to self-insure for workers’ compensation claims for a one-year period under the Texas...
May 29 2008 // Texas Attorney General Greg Abbott reached a settlement with an automobile credit insurance company that unlawfully withheld insurance premiums from than 12,000 Texans who paid off their vehicle loans early. The Office of...
May 29 2008 // Merck & Co said Thursday that a Texas appeals court reversed a decision against the company in the first trial involving alleged injuries caused by its withdrawn Vioxx painkiller.The appeals court found Vioxx did not...
May 29 2008 // Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to offer his forecast for the six-month hurricane season that starts June 1. And the news media are there, breathlessly awaiting...
May 29 2008 // Texas Mutual Insurance Company’s board of directors approved the company’s plan to distribute approximately $150 million in policyholder dividends. Dividends reward safety-conscious employers who have favorable...
May 28 2008 // With hurricane season beginning June 1, Texans may be able to hold on to the hope that the odds are stacked for them. If historical experience for the past two decades holds true, Texas won’t see a hurricane hit its...
May 28 2008 // The Central Texas Chapter of the CPCU Society (Chartered Property Casualty Underwriters) has elected officers for 2008-2009. Newly elected chapter officers are: President Kim Kimball, Underwriting Support Services...
May 28 2008 // For outgoing Independent Insurance Agents of Texas President Frank Swingle, serving on the board of the agents’ organization for the past six years has “been tremendously fun and beneficial.” And he plans...
May 27 2008 // State Farm Insurance does not have to refund consumers some $650 million in alleged overcharges while its dispute with Texas regulators over homeowner rates is reviewed.A state appeals court has ruled the insurer was...
May 22 2008 // Texas Insurance Commissioner Mike Geeslin has approved the Texas Windstorm Association’s request for increased reinsurance for the 2008 hurricane season.TWIA, the state-backed “insurer of last resort”;...
May 22 2008 // Staff of the Texas Sunset Advisory Commission says the Texas Department of Insurance functions well but that the state’s “overall approach to insurance regulation,” may need tweaking.State agencies in...
May 22 2008 // The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully...
May 20 2008 // Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She...
May 20 2008 // Insured losses from the strong winds and large hail that pummeled Austin, Texas, on the night of May 14 may rise to $50 million, the Insurance Council of Texas reported. Claims from damaged homes and automobiles continue...
May 19 2008 // Safety National Casualty, ColemontSafety National Casualty Corp., a Missouri-based provider of excess workers’ compensation insurance, and Colemont Insurance Brokers launched a new program for non-subscriber...
May 19 2008 // $1.5 BillionThe Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is...
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...
May 19 2008 // As the town of Picher, Okla., began to climb out of the wreckage of the deadly tornadoes that swept across Southeastern Oklahoma, Missouri and beyond over the weekend of May 10-11, some predicted that the town may not...