Amerisafe Inc. on Wednesday reported fourth-quarter earnings of $34 million. The Deridder, Louisiana-based company said it had profit of $1.76 per share. Earnings, adjusted for investment gains, were $1.70 per share. The results topped Wall Street expectations. The average estimate …
A federal judge has ruled the U.S. Army Corps of Engineers isn’t liable to damage to thousands of Houston homes that were inundated by two federally owned reservoirs in the days following Hurricane Harvey because they would have flooded regardless. …
The University of Arkansas and a former student reached a settlement agreement in a lawsuit alleging school officials acted with “deliberate indifference” after she reported being sexually assaulted by another student on campus. The student will receive $100,000 in the …
A federal judge has ruled that the U.S. Army Corps of Engineers isn’t liable for flood damage to thousands of Houston homes after the agency cracked open the gates on two massive dams in the wake of Hurricane Harvey. In …
Digital transformation is making it possible for the insurance industry to engage customers with personalized interactions that lead to products and services tailored to their individual insurance needs. Unfortunately, the industry isn’t exactly made up of a bunch of early …
A fire at a Citgo refinery in in Corpus Christi, Texas, has been extinguished with no injuries, according to the petroleum company. The fire began in a pipeline owned by a third party shortly after 8:30 a.m. on Monday and …
Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a strategic advantage. Though new RFPs represent …
The wind and hail insurance carrier of last resort for counties along the Texas coast has determined that its 1-in-100 probable maximum loss (1:100 PML) for the 2020 catastrophe year is $4.2 billion. At a quarterly meeting in Austin on …
Hurricane Harvey’s historic flooding in 2017 overwhelmed power systems at Arkema Inc.’s chemical plant in suburban Houston, eventually causing organic peroxides made at the facility to catch fire and explode, sending noxious black smoke into the air. The blaze forced …
A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …
