The Texas Department of Insurance is in for a shakeup as Governor Rick Perry announced Wednesday that a new Insurance Commissioner is on the way. Eleanor Kitzman, once the executive director of the South Carolina Budget and Control Board, has been appointed to the position and will take the reins of the office beginning next month. Her term will span until February 1, 2013, giving Kitzman ample time to affect change in the state’s insurance industry. Kitzman will be replacing former Commissioner Mike Geeslin who held the office for several…
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Pro business Texas insurance bill passes
The Senate of Texas has passed a new insurance bill that has been the subject of a great amount of controversy. The bill will extend the life of the Texas Department of Insurance and will impose stricter guidelines on the agency itself. Previous to the bill’s passage, a number of amendments were proposed to make the legislation more consumer friendly. Each amendment was rejected, however, as they were deemed unfruitful to the state’s insurance industry. The state’s Democrats were behind the amendments to the bill. They argue that their propositions…
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