January 3, 2022
Louisiana’s medical marijuana program will offer raw, smokable cannabis to its patients, and the state will tweak its calculations for state income taxes as more than two dozen new laws take effect Saturday with the start of the new year. …
December 30, 2021
SafePoint Insurance Co. will assume 30,000 Louisiana homeowners policies from two insolvent insurers, Insurance Commissioner Jim Donelon announced Dec. 29. The 19th Judicial District Court approved terms of the takeover, which is retroactive to Dec. 1. The Louisiana Department of …
December 30, 2021
The Executive Liability Division of Great American Insurance Group and the Austin, Texas-based insurtech, Assurely will offer Directors and Officers Liability (D&O) insurance to private companies raising capital via technology platforms/portals and the internet; specifically, but not limited to, those …
December 30, 2021
Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …
December 29, 2021
Benchmark Insurance Company, subsidiary of Trean Insurance Group Inc. and a writer of program business, has formed a new excess and surplus lines subsidiary, Benchmark Specialty Insurance Company, an Arkansas domestic surplus lines carrier. The new entity joins Benchmark Insurance …
December 29, 2021
Endo International Plc has agreed to pay $63 million to resolve claims by the state of Texas and local governments that the drugmaker helped fuel the U.S. opioid epidemic, the state’s attorney general said on Thursday. The deal announced by …
December 29, 2021
A magnitude 4.5 earthquake that rattled the Permian basin in Texas on Monday night is likely to add pressure on oil producers in the region to slow or stop underground wastewater injections that regulators believe may cause the tremors. The …
December 29, 2021
Louisiana Insurance Commissioner Jim Donelon has approved a 10.5% reduction in workers’ compensation rates for 2022. The decrease is set to take effect May 1, 2022. Louisiana has seen workers’ compensation rates decrease in eight of the last nine years, …
December 28, 2021
Relatives of a 14-year-old girl who died when an oil storage tank exploded in February have sued the company that operated the tank. The suit against Urban Oil & Gas Group and its insurer was filed in federal court in …
December 28, 2021
Exxon Mobil Corp. said on Monday its Baytown, Texas, refinery continued to operate at reduced rates following a fire on Dec. 23, and the unit involved remained shut down. The company has not yet determined the cause of the fire, …