State Farm Insurance Co. has been approved for an overall auto insurance rate decrease of 9.6% in Louisiana, the state insurance department reported. State Farm’s rate reduction most recently approved by Louisiana Insurance Commissioner Jim Donelon follows approved decreases of …
Chicago-based global insurance brokerage, HUB International Limited (Hub), has acquired the assets of GBC Benefits Ltd., d/b/a Gus Bates Insurance & Investments (Gus Bates I&I), located in Fort Worth, Texas. Terms of the transaction were not disclosed. Gus Bates I&I …
Austin City Limits has joined the ranks of major music festivals to be canceled because of the coronavirus. Festival organizers said in a statement on July 1 that scrapping the three-day October event was “the only responsible solution.” The announcement …
The Independent Insurance Agents of Texas (IIAT) has named Karla Stoffle of Upshaw Insurance in Amarillo as Account Manager of the Year. The Account Manager of the Year award is given annually to an account manager in Texas who exemplifies …
Three Texas healthcare providers will face trial for conspiracy to distribute controlled substances and mail fraud, according to the Texas Department of Insurance – Division of Workers’ Compensation. On June 17, 2020, a federal grand jury returned indictments against Arlington-based …
Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC (Align) announced the completion of the sale of Hilltop’s wholly owned Texas-based subsidiary, National Lloyds Corp. (National Lloyds), to Align on June 30. The transaction, which was first announced in January …
Hallmark Financial Services Inc. (HALL) has reported a loss of $34 million in its fourth quarter. The Fort Worth, Texas-based company said it had a loss of $1.87 per share. Losses, adjusted for investment gains, were $2.01 per share. The …
The R Street Institute, a non-profit public policy research organization based in Washington, D.C., says the Louisiana Legislature’s passage of a bill aimed at lowering high auto insurance costs represents a positive direction for insurance markets in the state. R …
Hoping to block Gov. Greg Abbott’s decision ordering Texas bars to close due to a rise in coronavirus cases, more than 30 bar owners filed a lawsuit on June 29 challenging Abbott’s emergency order. The lawsuit, first reported by the …
The Texas Office of Public Insurance Counsel (OPIC) has asked the Texas Department of Insurance (TDI) to conduct a special data call of the top 10 auto insurance groups in the state to gather information about personal auto claims during …
