Insurance hikes approved for Texas homeowners
The Texas State Board of Insurance on Tuesday approved an average 8.6 percent rise in homeowners premiums with some rates up to 23.1 percent for low deductible plans. Rates take effect March 1, reflecting three years of weather losses including Alicia in 1983 and 1985 damages.
MENTIONED IN THIS ARTICLE
Austin
Texas
Rick Gentry
The
Texas Insurance Advisory Association
Gentry
Houston
Odessa homeowners face 11 percent insurance rate hike
The State Board of Insurance approved an 11.2 percent average increase for homeowners insurance in 1987. Rates apply March 1 in the North Northwest territory covering Ector County and nearby counties, as advised by SBI staff. The Texas Insurance Advisory Association represents insurers in the matter.
MENTIONED IN THIS ARTICLE
Austin — Odessa
State Board of Insurance
North Northwest
Ector
Suspects in cocaine syndicate indicted
A Sandinista official and eight other men were indicted on murder and racketeering charges as part of the Medellin Cartel. The nine suspects include a former Colombian senator and a fugitive drug lord. the cartel allegedly shipped 58 tons of cocaine to the United States, the largest amount cited in a federal indictment. The case was sealed until Aug. 25 and the defendants remain at large.
MENTIONED IN THIS ARTICLE
Miami
Nicaragua
Medellin
U.S
United States
U.S. Drug Enforcement Administration
Billy Yout
Yout
South
Central America
Dick Gregorio
U.S. Attorney’s Office
South Florida
Remembering a fallen sky diver
Gene Walden, 38, a veteran skydiver and safety adviser, died after a parachute failed to open during a skydiving exhibition at Odessa's Fall Festival. He taught proper packing and jumping methods and helped manage safety for WesTex Sky Sports. Friends call him Mr. Safety and mourn a life spent reducing risky stunts.
MENTIONED IN THIS ARTICLE
Gene Walden
Walden
Chuck Fant
Odessa
Charlie Smith
Oakwood Drive
WesTex Sky
Balmorhea submits 1985 86 audit records after gap
Balmorhea officials report 16 months without budget records ending when Mayor Helen Humphries announced the city has submitted 1985 86 financial records to an Odessa accounting firm for auditing. Former City Secretary Julie Campbell failed to keep records from 1982 to 1985, leaving finances in doubt as Water Superintendent C T Gray’s 1985 records aided the audit. The Reeves County Sheriff Department and Texas Rangers found missing bank statements and gaps in water records.
MENTIONED IN THIS ARTICLE
Balmorhea
Helen Humphries
Odessa
Julie Campbell
Campbell
C.T. Gray
Humphries
Tax withholding forms expand under new federal law
More than 100 million workers face filing a revised Form W-4 as the IRS rolls out the four page form ahead of the January 1 tax changes. Officials warn Oct 1 deadline to file to avoid penalties, while acknowledging the form’s length and complexity.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Lawrence B. Gibbs
Gibbs
Also Mentioned on This Page
State Board
Homeowners’ Insurance
Insurance Industry
Austin Bureau
SBI
Cartel
Adler
Barry’’ Seal
Baton Rouge
Dade County
Abby
Jumble
By Janice Johnston
Fant
Areacity
Reeves County Sheriff's Department
Texas Rangers
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