The Texas Department of Insurance unveiled its top recommendations for changes to state law in a report required by law in late December. The 14-page 2020 Biennial Report to the legislature includes seven recommendations for the 87th Texas Legislature to consider,...
With coronavirus cautions remaining prevalent, the Independent Insurance Agents of Texas opted to host its 58th annual Joe Vincent Management Seminar virtually. Over the course of three days, 600 agency owners and managers were treated to three keynote presentations,...
Two state representatives, both attorneys, who have voiced opposition to any rate increases at public meetings of the Texas Windstorm Insurance Association have taken to filing bills affecting the association’s ability to raise rates, despite the board’s...
They all agreed. None of them could have predicted the turbulence of 2020, with its extensive wildfire damage, record tornado activity, civil unrest, COVID-19 pandemic, Atlantic storms named into the Greek alphabet with 12 making landfall, economic shutdowns,...
Excess and surplus lines premium recorded by the 15 U.S. surplus lines stamping and service offices exceeded $41.7 billion in 2020, a 14.93 percent increase over the nearly $36.3 billion reported for 2019. Texas held its position as the second largest E&S premium...
Among the pardons and sentence commutations former President Donald J. Trump issued before he left office, one commutation went to a man serving the longest ever prison term for a white collar crime (835 years), and another went to a man who was known as the...
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