AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Stonetrust Commercial Insurance Co. (Stonetrust), headquartered in Baton Rouge, Louisiana. The ratings outlook remains stable. …
Applying lessons learned after Hurricane Harvey, the Texas Department of Insurance has upgraded its procedures for collecting and reporting data following a disaster. TDI recently released its new catastrophe data collection guidelines, which the department says will improve the data …
A woman has sued the Houston Astros for more than $1 million, saying that a T-shirt cannon by the team’s mascot at a game last season broke her finger. The Houston Chronicle reports that Jennifer Harughty alleges that the mascot, …
Two Texas companies have been indicted by Travis County grand juries in separate cases involving alleged workers’ compensation premium fraud. The Texas Department of Insurance reported that Amer Haurani of Ambassador Limousine and Charter service out of Houston is charged …
A Texas grand jury on April 10 indicted chemicals manufacturer Arkema North America and one of its executives on assault charges, alleging they underplayed the dangers of a fire that injured two emergency workers called to the site during a …
In spite of a decrease in work zone crashes in Texas last year, 161 people still lost their lives and another 684 were seriously injured, with the vast majority of those killed — 84 percent — being motorists and/or their …
Baton Rouge, Louisiana-based workers’ compensation mutual insurer, LWCC, will distribute a $51 million dividend for 2018 to more than 20,000 policyholders in mid-April. This amount represents one-fourth of the premium LWCC earned in 2018, the company said. Dividend payout increases …
Three contractors who worked at a Houston-area chemical plant say in a lawsuit that the company knew that a flammable gas was leaking before a deadly fire erupted but did not order an evacuation. The Houston Chronicle reports the lawsuit …
Austin, Texas-based Combined Agents of America (CAA) has expanded into Colorado, with the addition of Renaissance Insurance Group in Windsor, Colorado. CAA is an agency partnership organization whose members now include independent insurance agencies located in Texas, Oklahoma, Kansas, Nebraska, …
Late last month as crews worked to contain a roaring fire at a Houston-area petrochemical storage facility, the state of Texas did something unheard of, at least in recent memory: It sued the company that operates the site before the …
