Insurance Council of Texas

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  TDI Turning Up the Heat on Fraudsters

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2012

  The heat is getting turned up on fraudsters in Texas as the state’s Department of Insurance is backing the designation of a second county insurance fraud prosecutor and investigator with the aim of adding more in the future.

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  The Week in Quotes

  By Staff Writers  |  April 6, 2012

  Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

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  Insurers Face ‘A Ton of Work’ After Texas Tornadoes (Video)

  By Chad Hemenway, PropertyCasualty360.com  |  April 4, 2012

  The day after more than a dozen tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.

• Tornadoes Strike Dallas-Ft. Worth (With Video)

  By Mark E. Ruquet, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com  |  April 3, 2012

  A series of tornadoes is threatening the Dallas-Ft. Worth area with a report of at least one touching down in the Dallas area.

• Help Wanted in Restructuring 'Unsustainable' TWIA

  By Chad Hemenway, PropertyCasualty360.com  |  February 21, 2012

  Texas Insurance Commissioner Eleanor Kitzman is seeking an outside firm to look into restructuring what she calls an “unsustainable” last-resort insurer.

• Texas Slammed by Record Storms, Wildfires in 2011

  By Chad Hemenway, PropertyCasualty360.com  |  January 24, 2012

  Where rooftops weren’t pummeled by hail in Texas in 2011, damage from wildfires scorched homes and set records for damage.

• Fires, Weather Prompt Allstate to Seek Rate Hikes in Texas

  By Chad Hemenway, PropertyCasualty360.com  |  December 21, 2011

  Allstate insurance companies have requested rate increases for homeowners’ insurance in Texas due to the “risks and realities of weather patterns in Texas,” a spokeswoman says.

• Insured-Loss Estimate for Largest Texas Wildfire Rises to $325M

  By Staff Writer  |  December 8, 2011

  The largest of Texas’ 2011 wildfires, the Bastrop fire, is now expected to cause $325 million in insured losses, up from previous estimates of $250 million, according to the Insurance Council of Texas.

• Insurers Report More Billion-Dollar Weather Losses As Disasters Continue

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  September 29, 2011

  U.S. insurers continue to release information on 2011 weather-related losses, with State Farm saying it has paid policyholders $5 billion so far during the year.

• Texas Wildfires May Pressure Insurers’ Earnings

  By Mark E. Ruquet  |  September 29, 2011

  Moody’s Rating Service expects the Texas wildfires will have a negative impact on insurer’s 3Q results when combined with other losses.