eNews

Aon Report: M&A Transactions Steadily Increasing

In a report on the mergers and acquisitions (M&A) in the global insurance industry, global professional services firm Aon found that the number of transactions has been steadily climbing since 2015. Transactions declined after the financial crisis in...

Updated Complaint Notice Takes Effect

The Texas Department of Insurance (TDI) has adopted amendments to the Texas Administrative Code regarding required complaint notices included in insurance policies. These changes were effective on November 4, 2019, and must be implemented no later than May...

TSLA Annual Meeting Points to Growth, Progress

The Texas Surplus Lines Association (TSLA) welcomed insurance professionals from across the state to Austin for its annual meeting on November 10-11, 2019. The meeting began on Sunday with networking opportunities for industry members and a welcome...

TDI Proposes Licensing Rules for Military Spouses

The Texas Department of Insurance (TDI) has published potential changes to insurance rules that would make it easier for military spouses to get certain licenses in Texas. The changes would affect the following chapters of the Texas Administrative Code:...

Herrera Joins SLTX as Director of Operations

SLTX has welcomed back Cheyenne Herrera as Director of Operations, effective November 7, 2019. Herrera originally joined SLTX in 1998 as a Data Entry Clerk. She oversaw the implementation of the Electronic Filing System (EFS) beginning in 2003 and was a...

NFIP Pays Out More Than $280M in Imelda Flood Claims

The Federal Emergency Management Agency (FEMA) has announced that more than $280 million in National Flood Insurance Program (NFIP) claims have been paid out to Texans following Tropical Storm Imelda. Of that total, nearly $82 million is from flood...

Commissioner Sullivan Details TDI Modernization Efforts

When Insurance Commissioner Kent Sullivan joined the Texas Department of Insurance (TDI) in October of 2017, he began a review of the organization’s processes and implemented a set of initiatives to modernize and improve the organization’s services. As...

Insurance M&A Deals Increase in 2019 Q3

The number of mergers and acquisitions (M&A) among insurance brokers and agencies continued its upward climb in the third quarter of 2019, with 451 transactions announced as of September 30, 2019, according to a report by MarshBerry Capital Inc. This...

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