Texas / South Central News

Texas Windstorm Insurer Funded at $4.2 Billion for 2019 Hurricane Season

Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. By comparison, at the start of the hurricane season in 2017 the …

New Louisiana Law Aims to Protect Policyholder Choice of Auto Repair Shop

A new law in Louisiana aims to ensure that auto insurance policyholders have the option to choose a particular motor vehicle repair shop. Under Act 317 (House Bill 411), which has been signed by Gov. Jon Bel Edwards, insurers are …

Ghost of Harvey Looms Large as 2019 Hurricane Season Gets Underway

Compared with 2017, last year’s hurricane season was a relatively quiet one for the Gulf Coast states of Louisiana and Texas, with major U.S. storm systems such as Hurricanes Michael and Florence staying well to the east, impacting Florida and …

EPIC Adds 5 to Employee Benefits Team in Houston

EPIC Insurance Brokers and Consultants, a retail property/ casualty insurance brokerage and employee benefits consultant, has added Principal Ed Oravetz, Principal Keith McNeely, Principal David Potts, Client Executive Elisha Johnson and Client Manager Marilu Alejandre to its employee benefits consulting …

Retired Judge to Mediate Dispute Over Oklahoma Opioid Settlement Funds

A former Oklahoma State Supreme Court justice will attempt to resolve a dispute over how to disburse an $85 million settlement of a state lawsuit with Teva Pharmaceuticals. Cleveland Count District Judge Thad Balkman said Monday that retired Judge Steven …

Federal Flood Assistance OK’d for 4 More Oklahoma Counties

Federal disaster assistance has been approved for four more Oklahoma counties affected by severe storms, flooding and tornadoes last month. Gov. Kevin Stitt said the Federal Emergency Management Agency had added Cherokee, Le Flore, Noble and Nowata counties to a …

Texas Calls for 2018 Catastrophe Data on Commercial Property, Business Insurance

The Texas Department of Insurance (TDI) has issued special data call to companies that wrote direct commercial property or businessowners insurance in Texas and to certain farm mutual insurance companies that wrote property insurance in Texas during calendar year 2018. …

Houston Skies May Darken Again as Tank Farm Disaster-Site Teardown Begins

The company behind the four-day chemical blaze that cast a black plume over Houston earlier this year is preparing to destroy one of the tanks at the facility, raising the risk that the site could see “flash” fires. Intercontinental Terminals …

Tower Hill Specialty Expands Into Arkansas

Tower Hill Specialty is now offering manufactured housing and dwelling fire insurance policies in Arkansas. Optional coverage features include equipment breakdown and service line endorsements. The equipment breakdown option provides coverage for items such as appliances and HVAC systems. Discounts …

Federal Officials Looking at Flood Issues in Review of Texas Derailment

Investigators will consider storm-related flooding to help determine what caused an April 24 freight train derailment in North Texas that sent 25 tanker cars off the tracks. The National Transportation Safety Board on Monday issued a preliminary report on the …

Texas / South Central News Archives by Month