June 2021
Texas Surplus Line Reporter
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Articles
The FAIR Plan increases rates statewide, effective August 1
Rates for most FAIR Plan policyholders will increase effective Aug, 1, based on rate filings approved by Chief Deputy Insurance Commissioner Doug Slape on April 22. Despite the FAIR Plan Association noting overall rate deficiencies of 15 percent or more across several...
Coastal legislators take aim at TWIA’s board and rates
The Texas Windstorm Insurance Association dodged the full wrath of coastal lawmakers in the legislative session that ended May 31. Still, the session ended with the legislature passing four bills directly affecting TWIA. Senate Bill 1448, HB 2920, HB 769 and HB 3564...
IIAT announces June 30 retirement of Jim Gavin
Twenty years into providing technical assistance to agents through continuing education, agency training, telephone or email questions and answers, and more recently subbing as Ask Regina for the late Regina Anderson, Jim Gavin, 70, is retiring from the Independent...
Two penalized by default order petition for second chance
Two Texans, whose insurance licenses came in jeopardy in April by default order, appealed to the Texas Department of Insurance to reconsider the action. El Paso agent Salvador Villarreal Jr.’s case was reopened; Texarkana resident Tyrone T. Johnson did not fare as...
Duggan Hale moves up to become president of the AAIP
Jill Duggan Hale moved up to president of the Austin Association of Insurance Professionals even though her current role is less directly thought of as insurance. Now on the benefits side, Hale is in partnership development at Magnolia Hospice, where she works...
Nearly all SLTX filers submit required policy limits data
The Surplus Lines Stamping Office of Texas is now nearly 30 months into collecting policy limits as part of the required data entry by surplus lines agents filing policies with the office. Compliance with the requirement got off to a slow start, with about 77.7...
Protecting the policy limits
By GENE A. WEISBERG Consumers have accidents every day, and insurers are there to protect them from the unexpected perils of everyday life. Laws have been enacted to protect our identities – including everything from credit card fraud to hacking our computers. But did...
LMG wants new regulation, solvency reforms
London ViewsBy LEN WILKINSLondon CorrespondentWith the U.K. and the EU at loggerheads over financial regulation, the London Market Group (LMG) decided to take advantage of the situation. The LMG wants to fill the regulatory void that currently exists in Europe with a...
PIA urges long-term reauthorization of flood program
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing May 18 on the reauthorization of the National Flood Insurance Program, and the National Association of Professional Insurance Agents submitted testimony urging the committee to pass a...
Truck drivers oppose bill
The Owner-Operator Independent Drivers Association, representing the interests of small-business trucking professionals and professional truck drivers opposes a highway bill proposed June 5 by U.S. Rep. Peter DeFazio, D-Oregon, despite $1 billion provision for truck...
Power, leadership, culture and tomorrow
By MICHAEL G. MANESManes and AssociatesFrom WDSU News today (5/17/2021), former Louisiana Gov. Buddy Roemer has died at the age of 77, according to a statement issued by his family. Roemer, initially a Democrat who switched to the Republican Party, served as the...
News In Brief
News In Brief
PEOPLE Kerry Sullivan has retired from his position as deputy commissioner for hearings for the TDI Division of Worker’s Compensation. Sullivan joined the DWC in 2013, having previously served with the State Office of Administrative Hearings, as administrative law...