All the headlines from our Texas Topic Page, ordered by recency.
Nov 19 2001 // Citing growing numbers of collision, uninsured motorist, and property damage liability claims in the state, Texas Insurance Commissioner Jose Montemayor approved an increase in private automobile benchmark rates. While...
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Oct 22 2001 // In conjunction with the fourth and final hearing held by the Texas Department of Insurance (TDI) on issues surrounding the surge of mold claims in the state, the National Association of Independent Insurers (NAII)...
Oct 10 2001 // State insurance regulators have ordered a Nevada insurance company to stop selling health policies and collecting premiums in Texas, after learning that the company had not been paying medical claims.According to a report...
Oct 8 2001 // Despite efforts by the Texas Department of Insurance to stabilize the homeowners insurance market in the state, property/casualty insurers are bailing out of the Texas market or scaling back coverage, at least temporarily,...
Oct 8 2001 // The Third Court of Appeals in Austin reversed itself Sept. 13 and ordered an Austin district court to retry a case involving a Corpus Christi insured who claimed unfair discrimination in his purchase of a policy at a price...
Sep 30 2001 // Texas Department of Insurance Commissioner José Montemayor is urging both insurers and consumers to avoid overreacting to issues concerning insurance coverage for mold. He said patience was needed as solutions are being...
Sep 30 2001 // Tapley O. Johnson, Jr., incoming president of the National Association of Professional Surplus Lines Offices (NAPSLO) and chairman of the annual convention, expects some 2,200 attendees at the 27th Annual Convention in San...
Sep 30 2001 // Rule makers over at TDI are huddling these days trying to decide how best to promul-gate regulations for the pending implementation of private passenger auto insurance by-the- mile for Texas drivers. The measure was born...
Sep 17 2001 // New estimates from the insurance industry predict insurer losses from water and mold damage claims will reach $780 million in Texas this year. The figure represents a 60 percent increase over claims from a year...
Sep 17 2001 // The Federation of Insurance Women of Texas holds its 57th annual convention in San Antonio October 3-7. True to the number one objective of the organization-education-the FIWT convention will offer members the opportunity...
Sep 17 2001 // There’s the old saying about death and taxes—that they’re only things you can really count on. But it could be argued that there’s something else that’s just about as dependable as those two...
Sep 17 2001 // Nonprofit organizations are among the fastest growing sectors of the U.S. economy and while many companies try to steer away from writing policies for nonprofits, there are a few that thrive on the business.Those who do...
Sep 17 2001 // Although Directors’ and Officers’ liability insurance (D&O) often is associated with large for-profit companies, they are not the only ones that need it. Many people hold the common misperception that...
Sep 17 2001 // The Texas Workers Compensation Commission (TWCC) named Richard “Dick” Reynolds, a former legislator and insurance commissioner, as the new executive director of the agency. The six-member commission voted...
Sep 17 2001 // Texas had the highest average total cost per workers’ compensation claim ($14,465) of eight states reviewed in an independent study released by the Workers’ Compensation Research Institute (WCRI),...
Sep 17 2001 // At a recent public hearing held by the Texas Department of Insurance (TDI) on windstorm coverage rates, the Texas Windstorm Insurance Association (TWIA) requested a 13.6 percent rate increase for hail/windstorm insurance...
Sep 5 2001 // In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was...
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues.Through August, the...