Insurance Council Of Texas
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Woodlands doc files COVID-19 business interruption suit, alleges insurer immediately shot down claim
HOUSTON – Hartford Lloyds Insurance allegedly mishandled a COVID-19 business interruption claim, resulting in financial ruin for an area doctor, according to a recently filed lawsuit. -
What’s Fair?
nsurance Council of Texas (ICT) Executive Director, Albert Betts Jr., offers a conversation around the call for “fairness” in paying insurance claims. -
ICT hosts 27th Annual Symposium – experts discuss past legislative session, new vehicle tech and more
AUSTIN – The Insurance Council of Texas recently held its 27th annual symposium – a gathering of professionals that featured an array of expert speakers exploring a variety of topics, including the impact of the past legislative session on the insurance industry. -
ICT honors Verle Petri with Raymond Mauk Leadership Award
AUSTIN - The Insurance Council of Texas (ICT) announced Verle Petri, a long-time insurance executive and expert on Texas insurance regulation and policy, as this year’s 2019 Raymond Mauk Leadership Award recipient. -
Overnight storms lead to thousands of wind-related claims
DALLAS - After Sunday’s severe thunderstorms and damaging winds, thousands of Texans are reporting wind-related claims in areas extending from Dallas through south central Texas. -
ICT to Host 2019 Workers’ Comp Seminar
AUSTIN - The Insurance Council of Texas will host its 2019 Workers’ Compensation Seminar on April 11 at the TCEA Conference Center in Austin. -
TWIA Board approves 10 percent rate hike for windstorm insurance
Texans living near the Gulf Coast can expect to see a larger windstorm insurance bill next year. -
Why Texas was such a risky market for insurance providers
Why was Texas such a risky market for providers of property insurance? Was it hurricanes? Tornadoes? Hail storms? Floods? -
Reinsurance expert: Biggest challenge in Texas is legal fraud, says HB 1774 a ‘fantastic step in the right direction’
Everything is bigger in Texas, including the legal fraud that ensues after every hailstorm or hurricane it seems. -
Texas Watch op-ed over lack of Harvey payouts sparks rebuttals, expert calls piece the ‘same old rhetoric’
HOUSTON – In May, Texas Watch, a self-labeled consumer advocacy group, released an opinion piece arguing an “assault waged by insurance companies” in the state legislature has left many Hurricane Harvey victims still unable to resume their lives eight months later. -
Harvey Insurance Claims Should Top $19 Billion
Albert Betts, executive director for the Insurance Council of Texas, says Texans are being harmed by misinformation and half-truths about their recovery. -
Homeowner complaints stay low in 2017 despite Hurricane Harvey and hailstorms
AUSTIN - In 2017, Texas homeowners suffered significant losses as Hurricane Harvey, severe hailstorms and tornadoes ravaged the state. But despite another year of bad weather, data from the Texas Department of Insurance shows that justified consumer complaints continued to be low, with the agency recording just 351 justified complaints out of 6.7 million policies and an estimated 700,000 homeowner claims. -
Hurricane Harvey class actions moving ahead after judge denies DOJ delay request
HOUSTON – A pair of class action lawsuits against the federal government over Hurricane Harvey flood damage and a U.S. Army Corps of Engineers' decision to release water from the Addicks and Barker reservoirs are moving forward following a federal judge's decision earlier in December. -
ICT scholarships top $1M mark
AUSTIN - On Wednesday the Insurance Council of Texas Education Foundation will join the University of North Texas in celebrating the Education Foundation’s surpassing $1 million dollars in scholarships and education funding given to support insurance education in Texas. -
Insurance Council urges Texas SC to clear up ‘confusion’ stemming from past opinion in Ike suit
AUSTIN – Numerous amicus briefs have been filed seeking to have the Texas Supreme Court rehear a Hurricane Ike lawsuit brought against USAA Texas Lloyds, asserting justices need to clear up confusion created by a past opinion. -
ICT estimates Hurricane Harvey insured losses at $19B
AUSTIN - The Insurance Council of Texas has placed the insured losses from Hurricane Harvey at $19 billion. -
Insurance Council of Texas: Harvey could cause record damages and flooding
HOUSTON - Hurricane Harvey’s forecasted slow march through south Texas could result in record rainfall and insured losses. Harvey is expected to make landfall near Corpus Christi, which hasn’t seen a hurricane in 47 years. -
2016 Texas Hail Losses surpass $5 billion, sets new record
AUSTIN - 2016 wind and hail loss information released last week by the Texas Department of Insurance show that homeowner losses from hail in Texas were the highest annual losses ever recorded, exceeding $5 billion. -
Grapefruit size hail strikes Mideland/Odessa, TDI sends fraud investigators to area
MIDLAND - Wind gusts of up to 72 miles per hour and hail as large as grapefruit struck the Midland/Odessa area on June 14, ensuring thousands of West Texans woke up to damaged roofs and automobiles with shattered windshields. -
Mostyn Law calls out storm chasers, despite evidence showing firm trolls for hail clients
AUSTIN – During a recent hearing on the hailstorm lawsuit abuse bill, Mostyn Law’s head of litigation told members of the Texas House Insurance Committee that nobody, even her law firm, likes storm-chasing attorneys.