Representing Members’ Interests
As members of ICT, insurers can collectively represent their interests in the regulatory process, promote the interests of the Texas property and casualty industry, and stay abreast of events and trends affecting the business of insurance in Texas. Membership provides each company the opportunity to play an active role in determining Texas’ insurance regulatory policies. ICT, as a state-based trade association, is able to provide comprehensive and focus attention on the events and policies in Texas that shape our members business experiences here in Texas.
ICT advocates and educates on behalf of its members in public hearings and in meetings with the staff of the Texas Department of Insurance and the Division of Workers’ Compensation. ICT attends all TDI hearings and, when appropriate, provides testimony or otherwise provides written comment on behalf of its members. We develop our comments and testimony through input from our committee system and review by legal counsel.
Member’s Have a Voice in ICT
ICT has an active standing committee system which provides an organized forum for member company representatives to discuss and offer recommendations on issues relating to personal and commercial lines, including workers’ compensation, developments in laws regulating claims handling and claims practices, the Texas Windstorm Insurance Association (TWIA), and media and communications.
Updates on Key Developments in Texas
ICT keeps members informed on regulatory and legislative changes through routine updates on key legal court decisions, regular updates on all property and casualty related legislation being considered and ultimately passed during the legislative session, and bulletins and other communications relating to TDI actions or critical issues being considered by the agency.
Member Education Opportunities
ICT provides an opportunity for members to gather and learn the latest developments in insurance and technology impacting their business through our seminars, conferences, and annual insurance symposium. Members also have an excellent opportunity to network with peers while learning from some of the leading insurance experts from Texas and across the nation. In the next few months, members will also have access to member education through our new webinar education events.
ICT’s experienced and well respected public relations staff represents the industry in responding to media inquiries on insurance issues. Over the years, our media relations expert has been active in communicating and educating the media on insurance rates, weather related losses, claims handling after a disaster, fraud prevention, coastal storm preparedness.
ICT works with public officials and consumers to implement statewide programs designed to save lives, reduce property damage, and losses. This includes distribution of free smoke alarms to Texans in several communities in cooperation with local fire departments and the state fire marshal; helping to deter and prevent auto theft by providing “Lock, Take, and Hide” signs to Texas cities; and helping to establish the Texas Committee on insurance Fraud in conjunction with member fraud investigators, fraud prosecutors, and the Texas Department of Insurance’s fraud unit.
Investing in the Next Generation of Insurance Professionals
ICT recognizes the importance of giving back to the community and helping our industry to prepare for the future. We created the Education Foundation to promote insurance education for Texas university students and through the generous donations of our members and individual insurance professionals, we have been able to fund $1,000,000 in scholarships and academic awards for students studying insurance and risk management at 12 Texas universities.