Texas / South Central News

Jump in Energy Contract Lawsuits Expected in Harvey’s Wake

Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Hurricanes and other natural disasters …

Researchers: FEMA’s Houston Flood Maps Outdated Long Before Harvey

The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey ravaged the Texas coast, a new study suggests. Researchers at Rice University and Texas A&M University at Galveston studied one …

Sullivan Appointed as Texas Insurance Commissioner

Texas has a new insurance commissioner. Texas Gov. Greg Abbott has named Kent Sullivan to serve as insurance commissioner and head of the Texas Department of Insurance. His term expires Feb. 1, 2019. The post has been vacant following the …

Texans Helping Texans: Independent MGAs Join Forces for Targeted Harvey Relief

A group of independently owned Texas managing general agents (MGAs) have come together to provide targeted, direct, local relief to communities affected by Hurricane Harvey. Texas MGAs for Disaster Relief is working with local officials and emergency coordinators to identify …

A.M. Best Upgrades Credit Rating for Columbia Lloyds Companies

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Columbia Lloyds Insurance Co. and MDOW Insurance Co., which are collectively referred to as …

Air Monitoring Company Added to Texas Chemical Plant Negligence Lawsuit

Air monitoring company Bureau Veritas SA has been added to a negligence suit alleging first responders inhaled dangerous fumes during a fire at a chemical plant, lawyers for Texas police and emergency workers said. The suit, filed in Harris County …

FEMA Not Relying on Trailers to House Hurricane Victims

The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf Coast residents without homes more than a decade ago. The Federal Emergency Management Agency said it’s …

MarketScout Hires U.S. Risk’s Vincent as VP in Houston

MarketScout, the Dallas, Texas based insurance exchange and specialty MGA, has expanded its Professional Liability Division with the addition of Michele Vincent as vice president, healthcare practice leader. Vincent joins the professional liability practice with more than 20 years of …

2 New Insurers Approved to Do Business in Arkansas

Arkansas Insurance Commissioner Allen Kerr has approved two new companies to begin conducting insurance business in his state. Kerr granted a Certificate of Authority to Security First Insurance Co. (SFIC) of Ormond Beach, Fla., to sell property/casualty products in Arkansas …

Sunderman Appointed President of Hotchkiss Insurance Programs

Hotchkiss Insurance Programs LLC, based in Dallas, has appointed Timothy Sunderman as president. He will assume operational responsibility and will report to Michael Hotchkiss, the company’s chief executive officer. Sunderman’s primary focus will be to preserve, optimize and grow Hotchkiss …

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