Search

Opinion. Presents the author's views on the $1.5 billion gained by the Texas citizenry on the lawsuit reform in the state. Details on the lawsuit reform; Significance of the lawsuit to civil justice system; Information on the liability insurance rate cuts ordered by Texas Insurance Commissioner Elton Bomer.

Reports that Texas lawmakers approved legislation that would let state-chartered banks sell insurance through branches anywhere in Texas. How the legislation would eliminate the requirement that the banks do insurance business through offices in towns with fewer than 5,000 residents, and streamline licensing requirements for banks and others; Drafting of the bill by the Texas state insurance department and backed by trade groups that represent bankers and insurance agents.