AM Best has assigned a financial strength rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Southlake Specialty Insurance Co. (SSIC) and its subsidiary, Westlake Specialty Insurance Co., both based in Westlake, Texas. These property/casualty specialty …
U.S. pork processor Seaboard Foods wants to pursue a 10-1/2-month delay to a federal court decision that would force it to slow the speed of hog slaughtering at a massive Oklahoma pork plant, according to court documents. The second-biggest U.S. …
Patients in Louisiana’s medical marijuana program would be able to smoke raw cannabis, rather than rely on the more processed forms of marijuana currently available, if the Senate agrees to a bill that easily won House passage on May 3. …
The National Weather Service in Fort Worth reported that its preliminary storm results survey from the severe weather that swept north and central Texas on May 3 showed two EF-2 tornadoes and three EF-0 tornadoes. The storms also pelted the …
Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends in June, the company said. More than 57,000 Texas business owners, representing approximately 79% of Texas Mutual’s policyholders, will receive dividends in recognition of their efforts …
Eight months after Hurricane Laura devastated southwest Louisiana, the state transportation department has finished removing storm debris from state roadways. The Department of Transportation and Development said it wrapped up removal of 1.4 million cubic yards of debris Tuesday in …
Despite less traffic on the road in 2020 and a 2% reduction in motorcycle crashes, there was a 17% increase in Texas motorcycle fatalities compared to 2019, state transportation officials say. The Texas Department of Transportation reported that in the …
A bill currently before the Louisiana Senate Insurance Committee and backed by Gov. John Bel Edwards would ban certain discriminatory practices in auto insurance rate determinations. Senate Bill 55, introduced by Sen. Jay Luneau, would prohibit based on risks classified …
Oklahoma Governor Kevin Stitt has signed a bill strengthening penalties for those who knowingly sell or provide alcohol to minors. Senate Bill 283 by Sen. Michael Brooks, D-Oklahoma City, will require those convicted of such offenses to attend a victims …
Insurvia, a Gemspring Capital portfolio company with holdings including Fiesta Insurance and Bravo General, has acquired La Familia Agency LLC, an independent insurance agency based in Dallas, Texas. La Familia Agency (LFA) specializes in providing automotive and related insurance products …
