Louisiana’s largest workers’ compensation insurance carrier, Louisiana Workers Compensation Corporation (LWCC), is issuing $136 million in dividend checks to policyholders during October. LWCC is a single state, single line mutual insurance company that shares profits with policyholders when it achieves …
Texas insurance regulators are seeking input on proposed changes to claims-related rules for the state’s property insurer of last resort along the Texas coast. The Texas Department of Insurance has proposed changes to Texas Windstorm Insurance Association claim rules that …
Texas officials say a federal disaster declaration has been granted for six Southeast Texas counties that sustained severe flooding caused last month by the remnants of Tropical Storm Imelda. Gov. Greg Abbott says the disaster declaration will help provide federal …
Lake Mary, Florida-based AssuredPartners Inc. has acquired the employee benefits-focused firm, Healthcare Consultants Inc., located in Houston. The team of 18 will remain under the operational leadership of David Neider. The agency currently reports $3 million in annualized revenues. Led …
Jeff Marchino has joined McKinney, Texas-based insurance services firm BevCap Management as executive vice president. Marchino brings more than 25 years of professional experience in employee benefits. His extensive background in health insurance will further enhance BevCap Management’s capabilities. Marchino …
The U.S. Department of Labor has ordered a popular New Orleans restaurant to pay $238,000 in back wages to 222 employees who weren’t properly paid for overtime work. News outlets report an agency investigation determined Superior Seafood and Oyster Bar …
More than 150 Louisiana restaurants have been cited for not disclosing to customers they were selling imported rather than domestic seafood. The citations from the Louisiana Department of Health stem from a new law requiring food establishments to post information …
Insurance services firm, Holmes Murphy, has added Jason Mahler in Houston. As the head of Consulting and Actuarial Services for Houston and Central Texas, Mahler will lead the consulting strategy in the area market. He is joining the new leadership …
An Oklahoma judge made a $107 million miscalculation when he ordered consumer products giant Johnson & Johnson to pay $572 million to help clean up the state’s opioid crisis, attorneys for the company argue in a court filing. The company …
Reported Texas surplus lines premium through the first three quarters of 2019 reached $5.35 billion, a 16.15% increase over the same period in 2018, according to the Surplus Line Stamping Office of Texas (SLTX). Additionally, each month’s recorded premium has …
