Strong growth continues across rural parts of 10 Plains and Western states and three states now have more jobs than they did before the coronavirus pandemic began, according to a monthly survey of bankers. The overall Rural Mainstreet economic index …
Wine grape growers in Texas and surrounding states have filed a lawsuit against drug maker Bayer-Monsanto and chemical giant BASF for the damage their cotton herbicide has caused to vineyards. Attorneys for the grape growers say cotton seed systems created …
Despite the economic slowdown resulting from the COVID-19 business closures, the total number of workers’ compensation claims reported to the Texas Division of Workers’ Compensation rose in 2020 by 34% compared to the previous year. In a recent update on …
Arkansas Insurance Commissioner Alan McClain has reminded insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer inaccurately informs you that your vehicle’s coverage is contingent upon utilizing …
Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity of named storms may vary each year, as well as where they occur and whether or not they make landfall. …
The Surplus Lines Stamping Office of Texas (SLTX) recorded $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This represents a 14.5% increase in premiums over May 2020, and a 14.2% increase in …
Complaints over insurance claims arising out of the three hurricanes that struck Louisiana last year had resulted in a recovery of $41 million for consumers by end of April, Louisiana insurance regulators say. The Louisiana Department of Insurance (LDI) has …
The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely to continue as …
With favorable results driven by recent reductions in claims frequency and further recognition of material reserve redundancies, workers’ compensation underwriting performance is expected to remain strong in 2021, according to Fitch Ratings. However, this level of profitability is unsustainable longer …
Imagine insurance customers who actually enjoy meeting with their insurance broker. Customers who see insurance not as a nuisance mandate but as an integral part of their own and their customers’ success. Insurance buyers who are enthusiastic about discussing risks …
