Insurance Council of Texas News

Texas Led U.S. in Catastrophic Losses in 2015

Tornadoes, hailstorms and fires took their toll on the state last year with insured losses well over $3 billion. Texas had over three times as many claims and almost three times the dollar amount in losses as the next highest …

Texas Tornadoes, Blizzard Caused $1.2B in Insured Losses

Officials raised the number of tornadoes that swept across North Texas over the weekend to 10, with preliminary figures showing the twisters caused $1.2 billion worth of insured damage. The Fort Worth Star-Telegram reports that the Insurance Council of Texas …

Texas Spring Storms Caused More Than $1.5B in Losses

An insurance group says spring storms across Texas caused more than $1.5 billion in property losses. April through June typically marks the stormy season for the state, but in March of this year multiple severe thunderstorms rolled in across the …

October Downpours Damaged Hundreds of Texas Homes

Authorities say heavy October rains damaged hundreds of homes extending from the Austin area down into South Texas. Travis County emergency officials said in a statement that more than 330 properties were damaged in flooding last week. About 160 homes …

Attorneys, Insurers Facing Off Over Hail Litigation in Texas

The vestiges of twin hailstorms that ravaged the south Texas coast in 2012 are now blowing through the halls of the Capitol in Austin. Two of the state’s most-powerful lobbies, the insurance industry and trial lawyers, are gearing up for …

Homeowner Insurance Complaints Drop to Record Low in Texas

Texas homeowners filed the fewest number of insurance complaints ever recorded with Texas regulators last year, the Insurance Council of Texas reported. It was the fifth year in a row that Texas homeowner complaints have gone down. There are more …

Texas Auto Injury, Fatality Crashes Rise Again in 2014

Contrary to a nationwide trend, Texas automobile crashes resulting in injuries and fatalities have risen for the past three years, the Insurance Council of Texas reports. Nationally, roadway crashes involving injuries and fatalities have been going down. Since 2011, however, …

Texas Insurance Trade Group’s Video Aimed at Student Recruitment

The Insurance Council of Texas (ICT) has produced a six-minute video highlighting the variety of job opportunities available in the insurance industry for recent college graduates and current undergrads. The video (http://youtu.be/2y1Qo9X8jt0) will be distributed to a large number of …

Texas City Plans to Post Auto Theft Warning Signs From Insurance Council

Police officers in Liberty, Texas, will be putting up crime prevention signs in their city this week to help motorists prevent auto thefts and burglaries. Black Friday and the holiday shopping season is a great time for business retailers and …

10 Years and 12,000 Smoke Alarms in Texas

The We’re Out to Alarm Texas program has donated approximately 12,000 smoke alarms to Texas seniors and other citizens throughout the state during its 10 years in existence, the Insurance Council of Texas announced. The ICT said these smoke alarms …