Texas / South Central News

TWFG Founder Named Gulf Coast Entrepreneur of the Year

Richard “Gordy” Bunch, founder, president, and CEO of The Woodlands Financial Group (TWFG) has been nominated Gulf Coast Entrepreneur of the Year by Ernst & Young, making him eligible for the 2015 national award. The Entrepreneur of the Year program …

Home Builders Safety Group Earns $117,226 Texas Mutual Dividend

Austin-based Texas Mutual Insurance Co. announced it awarded a dividend of $117,226 to the Texas Home Builders (THB) safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses and therefore …

Arkansas Plaintiffs Want Order Dismissing Exxon Oil-Spill Lawsuit Vacated

Plaintiffs are urging a federal judge in Little Rock, Ark., to vacate his order dismissing a class-action lawsuit against Exxon Mobil, claiming the oil giant suppressed evidence in the case. The lawsuit, filed over a 2013 oil spill in a …

Oklahoma Ridesharing Bill Passes Senate Without Discrimination Protections

A bill that sets up a regulatory framework in Oklahoma for ridesharing programs such as Uber and Lyft passed the state Senate, but not before a provision protecting gay and transgender passengers from discrimination was removed. The version of the …

Approval of New Orleans East Levees a Good Sign for Flood Insurance Rates

Levee officials say the Federal Emergency Management Agency has certified non-federal levees in New Orleans East, a step which should help spur economic development in a part of the city lagging in its comeback from Hurricane Katrina. FEMA officials certified …

All Risks South Central Adds Producers in Dallas, Houston, New Orleans

Insurance wholesaler All Risks Ltd. has added three new producers in the South Central region: Zach Burdine in Dallas; Alan Doyle in Houston; and Aaron Ross in New Orleans. Burdine joins the Dallas office as a broker and brings proven …

Sinkholes Added as Threat in Louisiana Disaster Plan; Salt Domes to be Mapped

Sinkholes will be recognized as threats in the state’s updated hazard mitigation plan. The Daily Comet reports the state is working on a five-year update to its hazard mitigation plan, which must be in place to receive federal money after …

Arkansas Workers’ Comp Rates to Drop

The Arkansas Insurance Department announced a decrease in workers’ compensation rates effective July 1, 2015. The overall loss cost decrease in the voluntary market is 2.1 percent, while the overall decrease in rates for the assigned risk is 3 percent. …

Issuer Credit Rating of San Antonio’s National Unity Insurance Downgraded

A.M. Best downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of B++ (Good) of National Unity Insurance Co. (National Unity) in San Antonio, Texas. The outlook for both ratings has been revised to negative …

Insurance Policy Included in Harrowing New Orleans Slavery Exhibit

The cool, soothing exhibit rooms at the Historic New Orleans Collection’s Williams Research Center are a stark contrast to what’s shown: every wall and exhibit case documents the horrors of slavery. There are inventories and illustrations of the auction of …

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