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Texas Insurance News

 

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Texas Insurance News

What’s happening in the Texas insurance market? Are you up-to-date with the latest insurance news? Not many people know where to go for this information and Insurance Quotes Texas makes it easy to find. While you are learning about insurance and comparing quotes you can easily scan the new articles to see if any of them pertain to you.

Insurance Quotes Texas stays informed to relevant insurance information and then shares the news articles that we feel is important to share. What if you are about to purchase an auto policy but are unaware that the limits are going to increase in a couple of months. Maybe you could get a discount now to purchase more coverage and it will save you the trouble in a few months.

Latest Auto Insurance News

Allstate Insurance Runs a Texas Course for Young DriversDistracted driving is a major killer on America’s roads, and with the proliferation of electronic devices to take driver’s eyes off the road, it is only getting worse. Though young drivers are by no means the only ones who are endangering themselves ...
Halloween Weekend Increases Accident Risk for Parents Children

November 2, 2009 – According to statistics gained from Allstate Insurance Company’s internal data, Halloween week results in a roughly 23 percent increase in pedestrian traffic accidents in Texas.

Year to year variations in this stat...

Texas Auto Theft Prevention Program ExpandsJanuary 20, 2010 – In Texas, an estimated 100,000 vehicles are stolen each year, and an additional 250,000 are burglarized. Approximately half of those vehicles stolen were left with the keys in the ignition or with unlocked doors. In order to combat...

Latest Business Insurance News

Division of Workers Compensation Enforces Actions on BusinessesOctober 14, 2009 – Texas Commissioner of Workers’ Compensation Rod Bordelon announced charges against several companies for the month of August. Penalties included $503,300 in administrative penalties for violations of the Texas Labor law. These comp...
Study Shows Texas Workers Comp Costs Have StabilizedJanuary 31, 2010 – A new study by the Workers’ Compensation Research Institute (WCRI) has shown that costs per claim for the Texas workers’ compensation system had stabilized in 2007 after several years of decreases.

Medical costs per clai...
With Texas Mutual Insurance Company Safety Pays

November 18, 2009 – Texas Mutual Insurance Company is a provider of worker’s compensation plans that has seen fit to provide dividends for responsible companies that focus on improving workplace safety. The idea behind the program is that offe...

Latest General Insurance News

Dallas based Hurricane Restoration Company in Alleged Fraud Case

December 3, 2009 – Home Solutions of America Inc., a Dallas and New Orleans-based company that does hurricane restoration, has been involved in numerous lawsuits since Hurricane Katrina, and the problems for the company continue.

The...

El Paso Hailstorm Causes Spree of Fraudulent Claims

December 7, 2009 – A September 16 hailstorm in El Paso, Texas has caused a rash of fraudulent claims for Texas insurers, and numbers of such claims are still increasing in December.

According to Ray Niblett, an investigator from the ...

Insurers face challenges eight years after the terrorist attacksOctober 5, 2009 – Texas Insurance Commissioner Mike Geeslin announced actions that are going to take place against insurance companies selling insurance in Texas illegally. He announced there would be 18 license revocations, one license denial and fi...
Nonfatal Workplace Injuries Declined in 2008

November 11, 2009 – According to the 2008 Annual Survey of Occupational Injuries and Illnesses, conducted by the Texas Department of Insurance, Division of Workers’ Compensation, the rate of workplace injuries decreased in 2008 as compared wit...

Office of Public Insurance Counsel Seeks Ban of Discretionary Clauses

December 4, 2009 – The Texas Office of Public Insurance Counsel is looking to push or a ban on discretionary clauses in insurance policies. According to OPIC, discretionary provisions hurt the consumer by allowing the insurer the ability to br...

Latest Health Insurance News

Texas High Risk Insurance Pools to Get Boost Under Finance Committee Plan

November 24, 2009 – The high-risk state insurance pools are an important safety net for consumers with health problems that make other insurance policies impossible to afford. Take for example the case of Candace Talmadge of Lancaster, Texas.<...

Latest Home Insurance News

Insurance Assistance Available After Hail StormOctober 2, 2009 – Any residents living in the El Paso area that experienced the recent wind and hail storm should contact their insurance agent if they sustained any damages. Injured parties can file a claim through their insurance company in return ...
Texas Homeowners Insurance Premium Average Second Highest Nationally

January 6, 2010 – The three states with the highest homeowners insurance premiums in the nation are Texas, Florida, and Louisiana, with Florida taking the highest spot and Texas coming in slightly below it.

The most recent year for ...

Texas Windstorm Associations Request for Rate Hike Rejected

October 26, 2009 – The Texas Windstorm Association’s request for a 10 percent rate increase for residential and commercial properties has been rejected by the Texas Department of Insurers.

The rate hike denial ensured because the Tex...