A federal judge in western Louisiana has approved a plan on how to settle thousands of lawsuits expected to be filed against insurance companies over damage from a pair of hurricanes that hit the region six weeks apart. Insurance companies …
Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Addison, Texas-based South & Western Inc. and all issued and outstanding shares of its affiliate, S&W Premium Finance Company Inc. With roots …
Wright National Flood Insurance Services has introduced an exclusive, admitted, stand-alone flood product in Texas: Wright Residential Private Flood Insurance. The product, which became available on Dec. 14, will be sold exclusively by Wright’s partner agents. The company said it …
Louisiana Insurance Commissioner Jim Donelon says people who need to file proof of loss documents for insurance claims involving property damage from Hurricane Laura have until February to do so. Donelon’s office says that state law requires giving property owners …
Texas Attorney General Ken Paxton’s office told a state district court that it was not retaliating when it fired former top Paxton aides who had reported their boss to authorities for possibly breaking the law. In the agency’s first official …
Federal disaster assistance has been made available to the state of Texas to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Laura from Aug. 23-27, 2020, according to FEMA. Federal funding is available to the …
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to CompSource Mutual Insurance Co. (CompSource Mutual), based in Oklahoma City. The outlook assigned to these ratings is stable. The ratings …
DOXA Insurance Holdings LLC (DOXA) has acquired Conroe, Texas-based Marine Underwriters of America (MUA), a niche agency serving the marine industry with specialized insurance policies for ocean marine, inland marine and related property for commercial and recreational marine customers. Marine …
Oklahoma has asked the state Supreme Court to order Johnson & Johnson to pay more than $9.3 billion to cover the entire anticipated cost of combatting the state’s opioid crisis, arguing in its appeal that a lower court’s award wasn’t …
Houston-based NOW Insurance, an AI-enabled insurance platform aimed at matching small business owners and professionals with commercial insurance coverage plans, has secured another $1.25 million in seed funding led by The MFO Group, bringing its total funding amount to $2.5 …
