Texas / South Central News

World Insurance Associates Acquires Arkansas’ Corporate Risk Services

World Insurance Associates LLC (WIA) has acquired Corporate Risk Services LLC and Midwest Risk Management Services Inc. (collectively Corporate Risk Services) of Rogers, Arkansas. Terms of the transaction were not disclosed. Corporate Risk Services is an independent insurance brokerage firm. …

Guerrero Joins Alliant Insurance Services in Houston

Jessie Guerrero has joined Alliant Insurance Services in Houston as senior vice president, Energy & Marine. Guerrero has extensive experience in all segments of the private and public energy sectors. He will be drawn upon to deliver enhanced consulting solutions …

Texas Marine Services Firm to Pay $125K to Settle Disability Discrimination Suit

A Galveston, Texas-based marine services company, will pay $125,000 and furnish significant equitable relief to settle a disability discrimination lawsuit, federal officials say. The U.S. Equal Employment Opportunity Commission (EEOC) lawsuit alleges T&T Subsea LLC fired a commercial diver because …

Texas Mom Seeks to Raise Fire Safety Awareness after 4 Die in Frigid Home

A Houston-area woman whose mother and three children were killed during the widespread power outages in Texas says she hopes to use money from a fundraising campaign to increase awareness about fire safety. Jackie Nguyen, 41, said that amid frigid …

Risk Management (or Lack Thereof) and Texas’ Deep Freeze Energy Failures

While renewable energy sources such as wind turbines and solar panels fuel a fraction of the state’s energy grid, the bulk of Texas’ power is supplied by natural gas, coal and nuclear plants, with natural gas power plants generating nearly …

Most of Texas Deep Freeze $90 Billion in Losses Avoidable, Modeler Says

Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Arctic cold brought ice and sub-zero temperatures …

Texas Lawmakers Told Insurers Want ‘Seat at Table’ As Power Blackout Probe Begins

Texas state legislators on Thursday begin digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are expected to highlight …

Texas’ Upland Capital Group Launches Excess Transportation Liability Program

Newly launched specialty lines insurer, Dallas-based Upland Capital Group (Upland), has added an Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing vehicles. Upland will be writing the program in all 50 states on …

Texas Insurance Exec, Harrison, Honored by Big ‘I’ with Woodworth Memorial Award

Longtime Texas insurance agency executive, William “Bill” E. Harrison Jr., has been honored by the Big “I” with its Woodworth Memorial Award, the national independent insurance agency association’s highest honor. The Woodworth Memorial Award recognizes individuals who serve the insurance …

Truck/Train Collision in Texas Results in Large Explosion, Fire

A tractor-trailer and a freight train collided Tuesday morning in central Texas, causing a large explosion and fire, authorities said. There were no immediate reports of injuries after the collision in Cameron, about 130 miles (210 kilometers) south of Dallas. …

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