According to an article in the Quorum Report published June 27, 2018, Governor Greg Abbott wants to review all Texas agency rules before they are posted in the Texas Register for public comment.
Read MoreTexas Attorney General Ken Paxton recently issued Opinion No. KP-205 which addressed a number of questions posed by Representative Rafael Anchia stemming from issues surrounding the termination of the Executive Director of the Texas Railroad Commission (the “Commission”).
Read MoreThe Texas Department of Insurance (“TDI”) has now offered guidance on one of the most overlooked requirements for a Texas-licensed (both resident and non-resident) insurance agency: the requirement that an agency have an individually-licensed “officer” or “active partner” who holds an individual insurance agent license for the same line or lines of insurance as does the agency.
Read MoreLong-time TDI senior staff member Doug Slape has been promoted to a newly-created position at the Texas Department of Insurance. According to the Department, Slape has been named “second-in-command” behind Insurance Commissioner Kent Sullivan.
Read MoreUnder Texas law, extended warranties or “service contracts” are potentially subject to regulatory oversight by four state agencies.
Read MoreThe Texas Windstorm insurance Association (TWIA) has announced that its board of directors at its May 8, 2018 meeting approved a $175 million member assessment linked to losses arising from Hurricane Harvey.
Read MoreOn April 10, the Texas General Land Office (“GLO”) released a draft of the State of Texas Plan for Disaster Recovery: Hurricane Harvey – Round 1 (the “State Action Plan”).
Read MoreAt its recent December 11th meeting in Corpus Christi, Texas, the Governing Committee of the Texas FAIR Plan Association (TFPA) is reported to have approved an assessment for its insurance company members of over $64 million in relation to a currently estimated $90 million gross loss for the TFPA from Hurricane Harvey and a 2016 year-end and ongoing 2017 operating deficit.
Read MoreThe 2017 United States Atlantic hurricane season, which officially ended on November 30, was the most expensive ever according to one report.
Read MoreThe Texas Department of Insurance (TDI) has cautioned insurers against improper underwriting activities in the wake of Hurricane Harvey.
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