Texas / South Central News

Next Level Insurance Agency’s O’Connell Elected President-Elect of NAIFA-Texas

Next Level Insurance Agency CEO Danny O’Connell has been elected president-elect of the National Association of Insurance and Financial Advisors – Texas (NAIFA-TX) for 2020. He will continue to lead the organization as president in 2021. O’Connell has been on …

One Critically Injured in Fire at Texas Oilfield Site

One person was seriously injured in a Midland, Texas, explosion and fire on Thursday involving several storage tanks and a truck used in oilfield operations, city and hospital officials said. The fire was contained at the property owned by petroleum …

Oklahoma High Court: Cities May Regulate Medical Marijuana

The Oklahoma Supreme Court has ruled that cities may approve some regulations of the medical marijuana industry. The court has dismissed an appeal by the city of Broken Arrow in a case filed by marijuana grower Austin Miller. Miller said …

Arthur J. Gallagher Subsidiary, Artex Risk, Acquires Texas’ EWI Re

Artex Risk Solutions Inc., a captive and alternative risk transfer specialist subsidiary of Rolling Meadows, Illinois-based global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired EWI Re Inc., headquartered in Dallas. Terms of …

Mexicans Sue Walmart Over Deadly Texas Shooting

Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its …

Texas Windstorm Insurer’s Actuarial Committee Recommends 5% Rate Hike

When the board of directors of Texas’ property insurer of last resort for wind and hail along the Texas coast meets in December, its members will be considering a 5% rate increase recommended by the organization’s actuarial and underwriting committee. …

Attempted Cyberattack Disrupts Louisiana Government Websites

Many of Louisiana’s state government websites and email systems were shut down because of what the governor’s office is describing as an attempted ransomware attack. The problem Monday disrupted business operations and online services across state agencies. Gov. John Bel …

Outlooks Revised to Negative for Members of Texas’ Slavonic Mutual Group

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance Association and its wholly owned subsidiary, Slavonic Insurance …

Experts Say Oklahoma’s Insurance Business Transfer Law Will Boost Economy

An international forum of insurance experts meeting in Tulsa, Oklahoma, said the Insurance Business Transfer law expected to bring an economic boost to the state. The IBT law creates a way for insurers to transfer entire blocks of business to …

Texas On-Demand Delivery Service Now Providing Commercial Auto Insurance to Drivers

Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery with Favor, at no cost to Runners. Founded in 2013 and …

Texas / South Central News Archives by Month