An insurance agent from Houston has been sentenced to 10 years in prison for pocketing more than $250,000 in customer premiums, the Texas Department of Insurance reported. TDI said McKinley Shumate, 59, of Houston was sentenced to 10-years in prison …
Sept.13 marks the fifth anniversary of the landfall of Hurricane Ike on the Texas coast. Despite its Category 2 ranking when it hit, Ike caused more than $30 billion in damage and the lessons learned from it could be crucial …
Friday marks the anniversary of the costliest hurricane to hit Texas. On September 13, 2008, Hurricane Ike hit Galveston Island. According to Mark Hannah with the Insurance Council of Texas (ICT), insured losses as a result of the storm totaled …
The non-profit, state-supervised insurance agency for coastal counties is expected to shore up its finances by the end of the year, the group told a Texas House panel Monday. Pete Gise, who handles The Texas Windstorm Insurance Association‘s finances, says …
The five-year anniversary of Hurricane Ike is still several months away, but the effects of what the historic storm did to the Texas coastline have been relentless, especially when it comes to beach erosion in and around the Galveston area …
A Houston-area city has been trying to produce records showing how $2 million in federal recovery money was spent after 2008’s Hurricane Ike. The Galveston County Daily News reported Monday that poor record keeping in La Marque has administrators scrambling …
Although no bills had been filed as of this writing, proposals are reportedly in the works that would drastically change the structure and/or funding for the association. One measure expected to be filed by Sen. John Corona would create a …
A Southeast Texas woman has used colorful paint and her imagination to spruce up a town still recovering from Hurricane Ike. Lucy Fields since May has painted about 50 fire hydrants in Bridge City, which suffered damage in the 2008 …
A federal audit has recommended that Texas repay $9 million in alleged overcharges related to administration of hurricane recovery funds. Hurricanes Dolly and Ike hit Texas in 2008. The U.S. Department of Housing and Urban Development has made $1.4 billion …
A Texas man who owned a construction company has been sentenced to 18 months in prison for his role in scheme to embezzle federal disaster loan payments from victims of Hurricane Ike. U.S. District Judge Patricia Minaldi in Lake Charles …