Texas Department of Insurance News

Texas Issues Special Data Call for Commercial Property Insurance Coverage

The Texas Department of Insurance is issuing a special catastrophe areas data call to property/casualty insurers who write direct commercial property and businessowners insurance in Texas. Information collected under this data call is for 2013. The Texas Windstorm Insurance Association …

Texas to Hold 16th Annual Fraud Conference

The annual Texas Department of Insurance (TDI) fraud conference will be held April 29 – May 1, 2014. The conference provides an opportunity for insurance company investigators (SIUs), law enforcement officials, and criminal prosecutors to learn new investigative techniques, fraud …

TWIA Will Meet Next Week to Discuss Slab-Only Claims Adjustments

During a public meeting to be held next week, the Texas Windstorm Insurance Association expert panel plans to inform the public about the progress of the panel’s work. The TWIA will allow the public to observe the panel members discussing …

Texas DOI Approves 11 Companies to Self-Insure for Workers’ Comp Claims

Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation …

Texas Auto, Homeowner Complaints at a Record Low

In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas reports. According to TDI’s Consumer Protection division, there was …

Texas Regulators Post Summaries of Property/Casualty Insurance Bills for 2013

The Texas Department of Insurance has posted information and brief summaries of selected bills enacted during the 83rd Legislative regular session that relate to property/casualty insurance. The bills listed may require action by regulated individuals and entities. The department advised …

Four-Year Prison Sentence for San Antonio Woman for Insurance Fraud

The Bexar County 379th District Court recently convicted Lakeisha Stevens of San Antonio, Texas, of a third-degree felony charge of insurance fraud ($20,000-$100,000) and sentenced Stevens to serve four years in prison. The conviction follows an investigation by the Texas …

Texas Agency Approves 10 Companies to Self-Insure for Workers’ Comp Claims

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved ten renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately …

Farmers, Texas Reach Tentative Deal on Mold Claims

The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, which would be one of the largest insurance settlements in state history but less than what some people wanted. A …

Houston Insurance Agent Sentenced to 10 Years in Prison

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 …