Texas / South Central News

Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims

With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling — Oklahoma Insurance Commissioner …

Texas Insurance Agencies Higginbotham, Aycock & Fowler Merge

Fort Worth, Texas-based Higginbotham and Aycock & Fowler, in Lubbock, Texas, have merged. Both are independent insurance firms providing property and liability insurance, risk management and employee benefit services to businesses and individuals. Higginbotham in recent years has expanded throughout Texas by …

A.M. Best: State Farm Lloyds Ratings Unchanged After Texas Settlement

A.M. Best says the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of State Farm Lloyds in Dallas are unchanged following the announcement that it has reached a settlement agreement in Texas over homeowner rate overcharges. State Farm …

Exxon Hit with Lawsuit in Louisiana over Denied Tainted Fuel Claims

ExxonMobil has paid more than $4.6 million to nearly 2,900 motorists impacted by the company’s production of more than 5 million gallons of tainted fuel distributed in the Baton Rouge area in March 2014. “ExxonMobil proactively honored all valid claims …

Talbert Named CEO of Texas-Based Insurors Indemnity Cos.

Waco, Texas-based Insurors Indemnity Companies named Dave Talbert as president and chief executive officer effective March 1. Talbert joined Insurors Indemnity in February 2014 with more than 25 years of industry experience, having previously been president and CEO of Hochheim Prairie …

Oklahoma, U.S. Differ in Earthquake Calculations

The Oklahoma Geological Survey reported fewer than half the number of 4.0 magnitude and higher earthquakes in Oklahoma last year as the U.S. Geological Survey, according to agency records. While OGS reported six earthquakes of magnitude 4.0 and higher last …

Nurse Who Caught Ebola Sues Dallas Hospital Where She Worked

Nina Pham, a nurse who contracted Ebola while treating a man who died of the disease, sued the Dallas hospital where she worked, her attorney’s office said without elaborating. Pham and another Texas Health Presbyterian Hospital Dallas nurse, Amber Vinson, …

Red-Light Camera Lawsuits Reinstated in Louisiana Parish

The battle over Jefferson Parish’s defunct red-light camera program is headed back to district court, after appellate judges reversed decisions throwing out ticketed drivers’ lawsuits against the parish and Redflex Traffic Systems. A 5th Circuit Court of Appeals panel raised …

Home Insurer 1347 PIH Ends Kingsway Contract, Eyes Expansion

Tampa, Florida-based 1347 Property Insurance Holdings Inc., which sells homeowners insurance in Louisiana and has plans to expand to other coastal states, announced it has bought out the management services contract with a subsidiary of one of its founding firms, …

State Farm to Pay $352.5M to Settle Texas Residential Overcharge Case

A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced Feb. 27 that under a settlement with State Farm subsidiary, …

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