Texas / South Central News

Hub Acquires Louisiana’s Gregory Benefits & Consulting

Hub International Limited, a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Gregory Benefits & Consulting LLC. Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Gregory Benefits & Consulting provides …

BRP Group Acquires Texas-Based Arcana

BRP Group, Inc. announced that Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, has acquired substantially all of the assets of Arcana Insurance Services, LP , a Dallas, Texas-based national insurance agency and program administrator, focused on better …

Hub Acquires Texas-Based Cameron Investment Company

Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired Cameron Investment Company, Inc., d/b/a Shepard Walton King Insurance Group (Shepard Walton King). Terms of the transaction were not disclosed. Headquartered in McAllen, Texas, Shepard Walton …

Texas Windstorm Insurance Association Committee Recommends Willis Re for Reinsurance Broker

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …

Norwegian Cruise Ship Outside New Orleans Reports COVID Outbreak

Ten people aboard a Norwegian Cruise Line ship approaching New Orleans have tested positive for COVID-19, officials said over the weekend. The Norwegian Breakaway had departed New Orleans on Nov. 28 and is due to return this weekend, the Louisiana …

FEMA: $2.5 Billion Ida Aid Given to Louisiana Residents, Businesses

Louisiana residents and businesses have received $2.5 billion in federal aid related to Hurricane Ida, the Federal Emergency Management Agency said. It said another $27.8 million has been approved in public assistance grants for local governments and nonprofits. Ida was …

Oklahoma Pork Plant Faces $27,000 Penalty Over Unsafe Work Conditions

A Guymon, Oklahoma processing and packing facility – operated by one of the nation’s largest pork processors – failed to prevent workers from being exposed to repetitive motion injuries and did not record injuries that needed more than basic first-aid. …

New Texas Blackout Rules Won’t Go Into Effect This Winter

Regulators of Texas’ oil and gas industry that buckled during February’s deadly freeze moved Tuesday, Nov. 30 toward making some producers more prepared for cold weather, but not in time for this winter as the nation’s power grid monitor warned …

Louisiana Lawmakers Offer Insurance Complaints After Ida

Slow responses to damage claims. Constant switch-ups of insurance adjusters assessing the destruction. Low payment offers forcing people unnecessarily into litigation to get a fair deal. Louisiana lawmakers and others said Wednesday that those are the problems they’re seeing and …

Louisiana Insurers Face $100 Million Assessment Fee after Ida-Related Insolvencies

Louisiana property and casualty insurers will be assessed $100 million to cover the cost of two regional insurance companies facing insolvency due to losses from Hurricane Ida. The Louisiana Insurance Guaranty Association board voted Nov. 30 to assess admitted insurers …

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