Insurance Council of Texas

The Insurance Council of Texas (ICT) is a non-profit trade association through which member companies and associate members can collectively represent their interests in the regulatory process and stay abreast of those events that affect the business of insurance in the state of Texas. Membership in ICT is open to all property and casualty insurance companies operating in Texas, including over 450 companies as of 2016. Associate membership is available to any person, firm or corporation which provides services to property/casualty insurance companies and whose interests are aligned with those of the industry.
ICT represents its members at regulatory hearings effecting residential property and private passenger and commercial auto, and workers' compensation insurance in the state of Texas, and ICT's committee members and board of directors play an active role in developing regulatory proposals as well as responses to issues effecting the member companies.
History
The Insurance Council of Texas was created when the Texas Insurance Advisory Association and Texas Automobile Insurance Services Office merged effective September 1, 1996. For over 80 years, these two Texas-based associations had been the principal property and automobile insurance associations for companies operating in Texas. The merger of these two organizations created a stronger and more efficient trade association. Importantly, ICT does not seek to compete with national trade associations, but rather to work in harmony with them.
Leadership
ICT has a staff of 38 employees who work under the guidance of Executive Director Albert Betts, Jr., who has served in this position since 2014.
ICT is governed by a Board of Directors who establish the strategic vision and long range plan of the association, approve the annual budget and method of funding, and approve the staff's annual goals and objectives. Importantly, the board also provides the staff with a firsthand understanding of the needs of the industry and has a primary stake in ensuring the association serves the needs of its members.
Services
ICT provides a multitude of services and benefits to its member companies and associates. Council staff attends or monitors hearings and other insurance related meetings of the Texas Department of Insurance and Texas Legislature and provides a prompt and accurate reporting of the proceedings to the membership, and staff attends all board meetings of the Texas Windstorm Insurance Association and the Texas FAIR Plan Association and provides written reports to the membership.
ICT publishes a monthly newsletter, "Texas Insurance Newsletter," that reports on important legislative, judicial and regulatory events, and also publishes the "Texas Workers' Compensation Update" and numerous bulletins reporting on the ever changing workers' compensation rules and related regulations.
ICT hosts the Annual Mid-Year Property and Casualty Insurance Symposium and the Annual Workers' Compensation Conference that provide persons interested in the Texas insurance industry with an update on important issues, and ICT holds workers' compensation seminars around the state that provide continuing education opportunities for insurance professionals, adjusters, attorneys, and others who work within the Texas industry.
ICT's experienced public relations staff represents the membership at important legislative and regulatory hearings. They work with state and national news media on Texas-related insurance stories and serve as an information clearinghouse for member companies, consumers, legislators and their staff, educators, and any other group or individual with insurance-related questions.
More information about the services ICT provides can be found on their website, http://www.insurancecouncil.org
Education Foundation
The Insurance Council of Texas Education Foundation was created in 2007 to provide academic scholarships to support students enrolled in insurance and risk management courses at Texas colleges and universities. The Education Foundation also offers academic achievement awards to the business schools to enhance their insurance and risk management programs. The Education Foundation currently provides scholarships and academic funding to ten Texas universities. Scholarships are awarded to the school's junior and senior insurance and risk management students on an annual basis.

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