Current News Releases
March 20, 2015
TDI Urges Consumers to Prepare for Severe Spring Weather
AUSTIN – Spring will bring warmer temperatures to Texas, but it also brings the threat of severe weather with little time to prepare. The Texas Department of Insurance (TDI) urges consumers to plan for severe weather and take steps to reduce the risk of property damage, before storms strike.
March 16, 2015
TDI Reminds Consumers: Flood Coverage is Not Part of a Standard Homeowners Policy
AUSTIN – Hail storms and hurricanes get the headlines, but flash floods are the most common natural disasters. And to further complicate the matter, most homeowners insurance policies do not provide flood coverage. This is Flood Safety Awareness Week. Now is a good time to review your property’s flood risk, your current insurance coverage, and consider whether a separate flood policy should be part of your home protection plan.
March 09, 2015
Federal Jury Reaches $391 Million Verdict Against Trustee for Pre-Need Funeral Contract Trusts
AUSTIN -- A St. Louis federal jury has awarded $391 million, including $35.5 million in punitive damages, against PNC Bank following a five-week jury trial.
March 06, 2015
$84.4 Million Refund Agreement with Farmers Filed in Court
AUSTIN – On the heels of last week’s multi-million dollar refund agreement with the state’s largest homeowners insurer, Texas Department of Insurance Commissioner David Mattax announced today a revised settlement with the second largest homeowners insurer, Farmers Insurance, stemming from a 2002 lawsuit by the State against Farmers.
March 04, 2015
Division of Workers’ Compensation Announces Recent Enforcement Actions
AUSTIN - Commissioner of Workers’ Compensation, Ryan Brannan, recently announced final disciplinary actions taken by the Division of Workers’ Compensation (DWC).
March 03, 2015
DWC Approves 10 Companies to Self-Insure for Workers’ Compensation Claims
AUSTIN, TX — The Division of Workers’ Compensation (DWC) approved one new Certificate of Authority to self-insure workers’ compensation claims and renewed nine such certificates. The companies receiving the certificates collectively employ approximately 36,243 employees in Texas.
February 27, 2015
Texas Insurance Commissioner Announces $352.5 Million in Refunds to State Farm Policyholders
AUSTIN – Texas Department of Insurance Commissioner David Mattax announced today the resolution of a more than decade long dispute with the state’s largest homeowners insurer, State Farm Lloyds.
February 18, 2015
Regional Workplace Safety Summit Offered March 25th in San Antonio
AUSTIN, TX — The Division of Workers’ Compensation (DWC) will present the first in a new series of regional workplace safety workshops for employers and employees on March 25, 2015 at the Region 20 Education Service Center at 1314 Hines in San Antonio. The San Antonio Regional Safety Summit is one of several Regional Safety Summits offered by the DWC around the state in the coming year. The seminar will be held from 8 a.m. to 4 p.m. The cost is $50 per person and includes coffee and snacks.
February 12, 2015
MEDIA ADVISORY: TDI Updates Enforcement Action Summaries on Website
AUSTIN – The Texas Department of Insurance has updated summaries of enforcement actions naming licensed insurance agents, insurance companies and other regulated entities on the agency website.
February 10, 2015
Division of Workers’ Compensation Recovers More than $500,000 Owed to Injured Employees and Beneficiaries
AUSTIN, TX –The Division of Workers’ Compensation (DWC) conducted performance audits of several insurance carriers on the accuracy of payments of Lifetime Income Benefits (LIBs) and Death Benefits (DBs). Through these audits, DWC discovered underpayments on 64 claims totaling over $511,000.
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