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Preserving Texas History and the New Texas Premium Tax Credit
Category: Insurance
Texas insurers may now be able to buy premium tax credits at a discount. In 2013, the 83rd Legislature established the Texas Historic Preservation Tax Credit Program, which allowed for companies engaged in restoration of certain historically significant structures in the state to earn a credit…
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Latest Challenge to Affordable Care Act Arises in Idaho
Category: Health Care, Insurance
The decision of Blue Cross of Idaho to offer health insurance plans that appear to violate federal law begins the latest chapter in the continuing saga of the Affordable Care Act’s increasingly tenuous existence. Blue Cross filed five individual “state based plans” on Tuesday with the Idaho…
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Guarding Against Escrow Fraud
Category: Insurance
Nancy Jackson Spinks, better known as Nancy Carroll, an attorney and former owner of Millennium Closing Services, LLC (“Millennium Title”) in the Dallas area, was sentenced on Wednesday, January 3rd, to 10 years in prison and ordered to pay restitution after investigators found that she had stolen…
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Texas Insurers Can Now Write Surplus Lines Coverage
Category: Insurance
The Texas Department of Insurance on Wednesday, January 3, 2018 announced that it has issued the very first domestic surplus lines insurer (“DSLI”) certificate. The recipient company, Starr Surplus Lines Insurance Company, is an out-of-state company that has been approved by the Department to…
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Reviewing the Hamel Case: The Importance of "Fully Adversarial" Proceedings
Category: Insurance
The Texas Supreme Court recently issued its decision in Great American Insurance Co. v. Hamel, a closely watched case regarding the ability of insurers to contest liability for a judgment rendered against an insured who enters into a pre-trial agreement with a plaintiff that renders subsequent…
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