Texas / South Central News

Texas Governor Wants to Double Gas-Plant Fund to $10 Billion

Texas Governor Greg Abbott wants to double a newly created loan program for building gas-fired power plants to $10 billion in order to meet the state’s growing demand for electricity. Voters last year approved the Texas Energy Fund, offering $5 …

Arthur J. Gallagher & Co. Acquires Texas’ Zayla Partners

Arthur J. Gallagher & Co. announced the acquisition of Katy, Texas-based Zayla Partners, LLC (Zayla). Terms of the transaction were not disclosed. Zayla is an executive compensation strategy firm that serves clients across a variety of sizes and industries. Chris …

Microsoft Tells Texas Agencies They Were Exposed in Russian Hack

Microsoft Corp. has told more than a dozen state agencies and public universities in Texas that Russian state-sponsored hackers accessed emails between them and the software giant. The attackers were able to gain access to the communications through a breach …

People Moves: Higginbotham Promotes Russell to President, Private Client Services

Higginbotham announced the promotion of long-time executive team member and former Chief Operating Officer, Personal Insurance Mary Russell to the position of President, Private Client Services. This move marks the final division of the president title that Higginbotham Chairman and …

Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit

A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …

Millions of Texans Live in Counties Without Hazard Mitigation Plan

LUFKIN — More than 100 Texas counties do not have a hazard mitigation plan, federal data shows, cutting off access to billions in non-emergency grants to help rebuild infrastructure after natural disasters. Of 254 counties in the state, 103 counties …

Oklahoma Insurance Department to Hold Inaugural OK Captive Day

The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024. This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance …

Supreme Court Pauses Federal Smog Control Plan That Texas Opposed

The U.S. Supreme Court on Thursday paused a U.S. Environmental Protection Agency plan to reduce the amount of smog that drifts across state borders from industrial facilities like power plants. The 5-4 opinion is the latest in a conflict over …

Insurance Costs Contributing to Texas Housing Affordability Crisis

More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families. That’s according to a …

Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis

LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit …

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