Insurance Council Of Texas
Recent News About Insurance Council Of Texas
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Possibility of more hailstorms this year will 'continue to put more pressure on rates' for insurance
AUSTIN – Manager of Public Relations & Membership of the Insurance Council of Texas Mark Hanna expressed his concerns with the increased number of storms and whether or not 2017 will mirror previous years. -
Alcohol, distracted driving causes fatal accidents in state to increase
AUSTIN – Fatal car crashes are becoming more and more common for Texas residents and the trend is impacting not just the lives of locals, but their insurance rates as well. -
Despite rise in hail lawsuits, homeowner complaints at record low
AUSTIN - Despite a half million hail claims resulting in a record $4 billion in insured losses last year, homeowner complaints to the Texas Department of Insurance were the lowest number ever recorded. -
Weather in first half of 2016 causes $4 billion in storm damages
AUSTIN – Devastating softball-sized hailstorms and widespread flooding have many insurance firms hoping the weather calms down, at least for the rest of the year. -
TWIA board votes not to raise rates, questions raised
AUSTIN - On Aug. 2 the Texas Windstorm Insurance Association Board of Directors voted not to raise windstorm rates for either residential or commercial policyholders along the Texas coast. The Insurance Council of Texas believes the board’s decision does not protect the financial security of TWIA for its policyholders. -
Insurance group says tide of hail suits turning
AUSTIN - The tide my be turning in mass hailstorm litigation, as data collected by the Texas Department of Insurance shows fewer complaints being filed during 2013-2015, compared to 2012. -
Recent weather events, drones and other topics part of this year's Insurance Council of Texas symposium
AUSTIN – There's still time to sign up for next month's annual Insurance Council of Texas (ICT) Mid-Year Property and Casualty Insurance Symposium in Austin, a council spokesman said during a recent interview. -
Houston drivers have options if cars are towed and held 'for ransom'
HOUSTON—It’s a lesson that many drivers in Houston have learned the hard way—some tow truck drivers will tow a car and then charge owners thousands of dollars to get it back, essentially holding the vehicle for ransom. -
April showers bring May storm suits; 113 filed in Webb County in 4 days
HOUSTON – Spring has definitely come in like a lion in Texas so far, but no lamb is in sight yet as a torrent of storm lawsuits are currently flooding state courts. -
Texans should be prepared for violent weather events, insurance industry spokesman says
SAN ANTONIO – With weather events poised to top 2015, itself a record-breaking year in the Lone Star State, Texans need to have their insurance in order and take careful steps before and after a disaster, an industry spokesman said. -
27 students earn scholarships for demonstrating potential in insurance business
AUSTIN — More than two dozen insurance and risk management students at six Texas universities were awarded scholarships by the Insurance Council of Texas Education Foundation. -
Baseball-sized hail slams north Texas
Baseball-sized hail demolished cars and homes across North Texas last week, while damaging winds blew roofs off of homes. -
ICT: Record number of Texas tornadoes in 2015, 3 times more insurance claims than any other state
Texas recorded 244 tornadoes last year making it the highest number of twisters to ever touch down in the lone star state since the record keeping began in 1950, according to the Insurance Council of Texas. -
Storms bring increase in claims but few complaints
Story CopyWhile Texas weather catastrophes caused a huge jump in homeowner insurance claims last year, the number of complaints that sometimes follow are low in comparison. -
Texas led nation in catastrophic losses in 2015
Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses totaling more than $3 billion. -
Groups argue trial lawyers abusing discovery to force hail suit settlements
Several groups, including the world's largest business federation, recently filed amicus briefs in two actions pending before the Texas Supreme Court, arguing trial lawyers are abusing discovery to force insurers to settle even frivolous lawsuits. In November, State Farm Lloyds filed two petitions for writ of mandamus with the high court, seeking to overturn a district judge’s decision to impose a protocol for the production of electronically stored information (ESI for short) in a hailstorm la -
Scare tactics, fraud and barratry – the ‘feeding frenzy’ that has become mass insurance litigation in Texas
Earlier this month, a Houston man sued Steve Mostyn, alleging the renowned insurance litigator inflated the price of his storm policy claim by millions and then bailed once the insurer called the bluff, possibly leaving him on the hook for the company’s million-dollar lawyer bill. -
ICT: Texas vehicle crashes and fatalities continue to rise
For the fourth year in a row, the numbers of vehicle crashes in Texas involving both injuries and fatalities have risen, according to the Insurance Council of Texas, the largest state insurance trade association in the country. The group says both numbers began rising dramatically in 2012, when Texas highway speed limits were raised. -
Texas coastal storms include more than just hurricanes
Texans experienced a violent spring thunderstorm season this year including hail, wind and flood damages across the state, including the Texas coast. In fact, despite there not being any hurricanes so far this year, the spring hail and windstorms along the coast were the equivalent of Hurricane Rita (2005) in terms of the number of claims filed. -
Insurance group warns hurricane season not over yet
While hurricane season may have officially kicked off June 1, the Insurance Council of Texas is warning gulf coast residents that some of the strongest and most damaging storms struck after August. “We are concerned about the safety of every Texan during hurricane season,” said Mark Hanna, an ICT spokesman, in an Aug. 17 press release.