Top Texas P&C News from the Week

News for the week of June 26, 2023


ICT News & Updates

Insurance Council of Texas Announces Kim Yelkin of Foley & Lardner as the 2023 Raymond Mauk Leadership Award Recipient

Insurance Council of Texas

The Insurance Council of Texas (ICT) proudly announces Kimberly A. Yelkin, formerly a partner with Foley & Lardner, and long-time insurance industry lawyer and lobbyist, as the posthumous recipient of the 2023 Raymond Mauk Leadership Award. Ms. Yelkin, whose remarkable contributions to the Texas property and casualty insurance industry are highly regarded, will be honored for her outstanding achievements. The award will be presented at the 2023 ICT/AFACT Property & Casualty Insurance Symposium, where it will be accepted on behalf of Ms. Yelkin by her daughter, Chloe.

The Raymond Mauk Leadership Award, established in 1998, is a prestigious recognition presented annually to an individual who has made a significant impact on the Texas property and casualty insurance industry. As the representative for the Texas property and casualty industry, the Insurance Council of Texas believes it is essential to acknowledge the outstanding contributions of those who have played a pivotal role in shaping and propelling our industry as a vital piece of the economic engine that drives this great state.




Legislative News & Updates

Impeachment Trial of Attorney General Ken Paxton

The Texas Senate, with a vote of 25-3, adopted rules for the impeachment trial of Attorney General Ken Paxton on June 21st. Under the rules, suspended Attorney General Paxton will answer to 16 of 20 articles of impeachment at a public trial to begin Sept.ember 5th. 

Angie Cervantes, Government & Legislative Affairs Manager

Insurance Council of Texas

Some other things to note from the rules:
  • The rules determined that Senator Angela Paxton has a conflict of interest in her husband's trial and can sit in on the impeachment trial because the Texas Constitution requires all members to do so, but she will not be allowed to vote or participate in closed sessions or deliberations.
  • Each article of impeachment will be voted on separately by senators. If an article is accepted by two-thirds of the present senators, it will be entered as a conviction. 
  • Before the trial, Paxton’s lawyers can challenge any or all of the articles of impeachment, which can be dismissed with a majority vote by senators.
  • Senators will deliberate behind closed doors and their votes must be made without debate or comment.
  • The public and the press can attend and view the impeachment trial from the Senate gallery.
Read more about the adopted impeachment rules in this article from the Texas Tribune. 

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DWC News & Updates

DWC is adopting amendments to Texas Administrative Code Section 55.15 relating to requirements for the contents of compromise settlement agreements. 

Get more information on the TDI website.


P&C Industry News & Updates

Mitchell Williams Law Firm Adds Attorneys David Donahue, Jeff McWhirt and Lee Seidlits to National Insurance Regulatory Practice

(AUSTIN, Tex.) —Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C., a full law firm with offices in in Little Rock, Rogers and Jonesboro, Arkansas and Austin, Texas, is pleased to announce the addition of attorneys David Donahue, Jeff McWhirt and Lee Seidlits to the national Insurance Regulatory practice. 

“The addition of David, Jeff and Lee to our insurance regulatory practice deepens our bench further with insurance industry knowledge and experience and enables us to continue providing exceptional service to our clients,” said Mitchell Williams Managing Director Jeff Thomas.




Tropical Storm Cindy remains churning in Atlantic, hurricane center says

Orlando Sentinel


Tropical Storm Cindy remained active in the Atlantic on Sunday but losing strength while its projected path keeps it far from land while Tropical Storm Bret has faded off the map, according to the National Hurricane Center.

In its 5 p.m. advisory, the NHC said Cindy was located 370 miles northeast of the northern Leeward Islands heading northwest at 16 mph. It has sustained winds of 45 mph with higher gusts and tropical-storm-force winds extending out 70 miles.




BlackRock’s Larry Fink says he is done using term 'ESG' amid growing backlash

Washington Examiner 

BlackRock CEO Larry Fink said he would stop using the term “ESG” because of the politically charged environment that now surrounds it.

Fink, who has become a punching bag for the Right over his firm’s embrace of environmental, social, and governance principles, known as ESG, said on Sunday during the Aspen Ideas Festival that he doesn’t like being at the center of the debate over ESG, which has grown increasingly fierce over the past couple of years.




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