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The Texas Department of Insurance said that allowing the Texas Windstorm Insurance Association to continue operating would be hazardous to the public and the last resort insurer’s policyholders.

Texas Insurance Commissioner Mike Geeslin said he is stepping down effective Feb. 1.

The frequency of claims arising from wind and hail in Texas has prompted two Allstate Insurance companies to ask regulators for rate increases.

Readers sound in on credit scoring

The Texas Legislature has voted to reauthorize the operations of the Texas Department of Insurance (TDI) during a special session last week called by Gov. Rick Perry.

Texas Gov. Rick Perry said he plans to call the legislature back into session to finish some unfinished business that included the reauthorization of the state's Department of Insurance.

Political infighting has left the Texas Department of Insurance facing the possibility of being abolished through legislative inaction, but industry officials say there is no crisis at the moment.

The Texas Department of Insurance has released an 81-page report documenting