Texas / South Central News

Austin’s AgencyKPI Secures $5M in Funding from Insurance Industry

AgencyKPI, which has developed a business intelligence platform designed to address and manage the abundance of data produced by multiple software programs and legacy systems across the insurance industry, has closed on $5 million in Series A funding. The Series …

Houston Pharmacist, Wife Sentenced in $21M Workers’ Comp Fraud Case

A Houston pharmacist has been sentenced to 10 years in prison in a $21 million workers’ compensation fraud case. George Philip Tompkins, 75, the self-proclaimed “Compound King” and former owner of Piney Point Pharmacy, and his wife, Marene Kathryn Tompkins, …

Prosecutors: Trying to Hide Healthcare Fraud, Texas Woman Burned $1.6M Home

A woman burned down her $1.6 million suburban Fort Worth mansion while trying to destroy documents from her husband’s health care clinic as authorities were investigating the couple for fraud, prosecutors allege. A seven-count federal indictment, filed June 17, charges …

PETA Alleges Neglect by Oklahoma Zoo in Netflix’s ‘Tiger King’

Federal officials are investigating an Oklahoma zoo made famous in Netflix’s “Tiger King” series after an animal rights group accused it of neglect. People for the Ethical Treatment of Animals sent requests to the U.S. Department of Agriculture to investigate …

More Felony Charges Filed Against Roofing Contractor in Oklahoma

A roofing contractor in Noble, Oklahoma, has been charged with four felony counts after allegedly receiving thousands of dollars from Oklahomans in exchange for roofing repairs he never completed, the state Attorney General’s office reported. The four felony counts against …

TexCap’s Brown Named Chair-Elect of Texas Independent Insurance Agents Group

The Independent Insurance Agents of Texas (IIAT) has installed Gaylon Brown of TexCap Insurance in Dallas as the group’s chair-elect for 2020-2021. Brown was named to the post during IIAT’s annual business meeting, which was held virtually on June 10. …

Texas Bars Ordered to Close Again, Restaurants Reduced to 50% Occupancy as Virus Spreads

Gov. Greg Abbott has taken his most drastic action yet to respond to the post-reopening coronavirus surge in Texas, shutting bars back down and scaling back restaurant capacity to 50%. He also shut down river-rafting trips, which have been blamed …

Texas’ Online Surplus Lines Filing System Now Partially Operational

The Surplus Lines Stamping Office of Texas (SLTX) says some elements of its new online filing system, SMART, were released on June 12. Surplus lines agents and brokers who file policies with SLTX using automated filing now have the opportunity …

Outlook for Texas’ MGA Insurance Issuer Credit Rating Revised to Positive

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of MGA Insurance Co. Inc. (MGA), …

Oil Firms Slam Brakes on Return-to-Work as Texas Virus Cases Soar

U.S. energy companies slammed the brakes on returning staff to their Houston offices as COVID-19 cases soared and top hospitals warned they could soon run out of beds for the most severely ill patients. A record number of new illnesses …

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