Texas / South Central News

No Quick Relief in Sight for Louisiana in Ida’s Aftermath

Louisiana residents still reeling from flooding and damage caused by Hurricane Ida scrambled on Sept. 1 for food, gas, water and relief from the sweltering heat as thousands of line workers toiled to restore electricity and officials vowed to set …

A-MAX Auto Insurance Opens New Branch in South Houston

A-MAX Auto Insurance, which specializes in providing low-cost insurance to residents and businesses, opened a new branch office in Houston. The branch is located inside an H-E-B grocery store and is the 42nd A-MAX office in the Houston area. This …

ReSource Pro Acquires Insurance Licensing Services of America in Texas

ReSource Pro has acquired Insurance Licensing Services of America (ILSA), a Groesbeck, Texas-based firm that provides regulatory and compliance services to insurance organizations and professionals. By acquiring ILSA, New York-based ReSource Pro is building on its strategy to deliver business …

Texas Industrial Equipment and Services Firms Sued for Disability Discrimination

Federal officials say a pair of Texas-based industrial equipment and services companies refused to hire worker because of medical treatment for anxiety and opioid addiction. The U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed Aug. 19 that …

Moody’s: Ida’s Impact Likely to Be Greater on Regional Insurers, State’s LA Citizens

While large, national property/casualty insurers with leading market shares in both the residential and commercial property markets in Louisiana will be exposed to losses resulting from Hurricane Ida, which hit the state on Aug. 29 as a Category 4 storm, …

Texas’ Griddy Energy Settles Over Exorbitant Energy Bills From Freeze

The electric utility Griddy Energy has reached a settlement with Texas officials over crushing electric bills its customers received after the deadly February winter storm and cold wave, the Texas Attorney General’s Office announced. Griddy Energy sold power to consumers …

Analysts Foresee Modest Economic Damage in U.S. From Ida; Peg Insured Losses at $10B

With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on …

Second Insurance Business Transfer in U.S. Approved in Oklahoma

An Oklahoma court has approved Sentry Insurance Co.’s (Sentry) Insurance Business Transfer (IBT) Plan, insurance regulators say. This is the second IBT completed in the United States, according to the Oklahoma Insurance Department. The first was approved and authorized in …

Floods, Outages Stall Oil Companies’ Efforts to Restart After Hurricane Ida

Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess damages at oil production facilities, ports and refineries. Nearly all of Louisiana lost electrical power on Monday after one of the most powerful …

Analysis: As Ida Strikes, Louisiana Still Waiting for Aid a Year After Laura

A powerful Hurricane Ida struck Louisiana on Aug. 29, but an equally powerful Hurricane Laura wrecked southwest Louisiana a year ago, leaving marks of devastation that remain evident today in blue-tarped roofs, damaged homes and boarded-up businesses that still dot …

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