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View the latest blog posts from Reliable Insurance Managers, Inc..

Wednesday, April 27, 2011

Insurance Groups Say Texas Proposal to Increase Speed Limit to 85 Will Lead to More Fatalities

Efforts by Texas lawmakers to increase the speed limit to 85 on the state's future highways is meeting with opposition from those who say the move will lead to more highway deaths.   Insurance industry officials say any increase in speed, whether on an existing freeway or new one, could cause more accidents, resulting in more injuries and fatalities. READ MORE >>

Wednesday, April 27, 2011

Insured Losses From Texas Wildfires Total $150 Million

As firefighters in Texas continue to battle raging wildfires, fueled by drought conditions, parched vegetation, low humidity and strong winds, insured losses from one of the fires are estimated at $150 million, according to the Insurance Council of Texas. READ MORE >>

Wednesday, April 27, 2011

Fed to remain vigilant on inflation

Ben Bernanke, Federal Reserve chairman, said the US central bank would remain vigilant over inflation, as he declared in a historic first press conference that a strong dollar was in the best interests of the US and the global economy. READ MORE >>

Wednesday, April 27, 2011

Obama releases birth certificate: Will that stop birthers?

Now that President Obama has released his long-form birth certificate, the birthers can all rest easy that the president of the United States is in fact a “natural born citizen” and thus qualified for his job. Right? Wrong. Basically, they’re still not completely convinced. READ MORE >>

Wednesday, April 13, 2011

State Farm Ordered To Pay $350 Million To Customers

A state judge in Austin ruled on Monday that State Farm Insurance owes nearly $350 million to customers overcharged on premiums from 2003 to 2008. 1.2 million customers are expected to be paid on average $200 to $300 each. State Farm has indicated it will appeal the decision.   READ MORE >>

Wednesday, April 13, 2011

Obama Offers Plan to Trim $4 Trillion From Deficit in 12 Years

President Barack Obama vowed to cut $4 trillion in cumulative deficits within 12 years through a combination spending cuts and tax increases, setting the stage for a fight with congressional Republicans over the nation’s priorities. In presenting his long-term plan for closing the budget shortfall, Obama set a target of reducing the annual U. READ MORE >>

Friday, April 1, 2011

Texas House OKs plan to tap $3.1B from Rainy Day Fund

The Texas House tentatively agreed to use more than $3.1 billion from the Rainy Day Fund Thursday as part of a package of legislation intended to help pay the state's bills for the remaining five months of the 2011 budget. Both Democrats and Republicans agreed to tap the fund in the 142-2 vote, though Democrats made repeated pleas to use more. READ MORE >>

Wednesday, March 16, 2011

Texas govenor, House agrees to tap reserve fund

Gov. Rick Perry and Texas House leaders ended a stalemate Tuesday by agreeing to use about one-third of the state's reserve fund to plug a budget deficit in the current fiscal year and to make $800 million in spending cuts to state agencies. Shortly after Perry and House Speaker Joe Strauss announced they had reached an agreement to tap $3. READ MORE >>

Tuesday, March 15, 2011

Bills Filed in Texas Would Create ‘Loser Pays’ Tort System

Legislation filed in Texas would create a “loser pays” legal system that Texas Gov. Rick Perry says would provide stronger protections against frivolous lawsuits. House Bill 274 and Senate Bill 13, sponsored by Rep. Brandon Creighton and Sen. READ MORE >>

Wednesday, March 9, 2011

Texas Lawmakers Want to End Driver Surcharges

Texas lawmakers are considering eliminating a program that requires those charged with offenses including driving while intoxicated and failure to have insurance to pay state surcharges. Nearly 60 percent of those with the surcharges – about 1.2 million drivers – are unwilling or unable to pay and owe the state more than $1. READ MORE >>

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