Auto, Homeowner Complaints Dropping in Texas

January 17, 2013Email ThisPrintNewslettersTweetArticle1 Comments

Texas drivers are filing fewer and fewer complaints against insurance companies these days, an insurance trade group reported.

Last year represents the lowest number of justified or confirmed auto insurance complaints filed with the Texas Department of Insurance (TDI) since the agency began tabulating the numbers back in 1994, according to the Insurance Council of Texas.

With 14.7 million auto insurance policies in effect in Texas, TDI reported 988 confirmed complaints into its Consumer Protection division last year. The numbers represent approximately one complaint for every 15,000 auto insurance policies.

Homeowner complaints also continue to drop. TDI reported Texas homeowners filed 460 confirmed complaints against homeowner insurers last year, representing the lowest number of homeowner complaints since 2009. With nearly 6 million homeowner and rental insurance policies in effect, the 2012 complaints represent approximately one complaint for every 13,000 homeowner/rental policies.

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EPIC Expands into Vintage Auto, Racing Industry

September 25, 2012Email ThisPrintNewslettersTweetArticleComments

EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has formed a new division, EPIC Motorsports. Operated by EPIC’s own collectors and racers, this division provides customers with insurance assistance for collector cars, racing, and associated industry vendors.

The initial concept for EPIC Motorsports came from the Historic Motor Sports Association’s (HMSA) President, Cris Vandagriff and David Alvarado, a commercial insurance broker with EPIC. A vintage racer and fellow auto enthusiast, Alvarado discussed the specific insurance needs of the motorsports industry with Vandagriff, and the shortage of necessary insurance products.

This conversation prompted Alvarado to develop HMSA Insurance Services and ultimately EPIC Motorsports. With this addition, EPIC, which specializes in insuring high net-worth customers, now offers coverage for the true stated value of a vintage vehicle along with other specific and manuscript coverages for collector and race cars.

EPIC Motorsports will provide auto collectors and vintage comprehensive insurance through the HMSA program. Offerings such as earthquake coverage, no mileage restrictions, “on track” protection, and higher policy limits are available.

In addition to collector and race car coverage, the HMSA program extends insurance to homes, regular use vehicles, art, jewelry, and personal umbrella/excess liability coverage.

Alvarado’s team includes Stan Sanchez and Beth Ward. Sanchez has spent six years focused on creating insurance products for luxury car collections as well as collecting and restoring cars himself.

Beth Ward brings twenty years of insurance experience and knowledge on the subject of all motorsports.

EPIC is an California-based retail property & casualty and employee benefits insurance brokerage firm with eight offices across California (Los Angeles, Irvine, Fresno, Folsom, San Francisco, San Mateo, Petaluma and San Ramon).

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