At first glance it might seem that 2018 was a “slow news” year in the South Central states of Arkansas, Louisiana, Oklahoma and Texas. After all, the region escaped the devastation of a major hurricane, and while tornadoes and hailstorms are inescapable, damage from those types of severe weather events was relatively restrained, and the always contentious and newsworthy Texas legislature was not in session (wait ’till next year).
Still, there was plenty of interesting insurance-related news from the region to digest last year. Following is a summary of the most popular SC topics and stories that caught our readers’ eyes in 2018.
Interestingly, some of the most read articles in IJ’s South Central region last year were reports on the status of legalized medical marijuana programs.
- Oklahoma Health Official Says State Is Ready for Medical Marijuana
- Oklahoma Quickly Becoming a Hotbed for Medical Marijuana
- Only a Fraction of Patients Benefit from Medical Cannabis under Texas Law
- Louisiana Expands Medical Marijuana Program Eligibility
Hail is always an important topic for the insurance industry in South Central states, especially in Texas and Oklahoma, even if there are no mega-major hail events (and there was at least one billion-dollar occurrence in Texas last year).
- Dealing with It: Texas’ Never Ending Hail Problem
- Damage from June 6 Texas Hailstorm Estimated at $1B
- Hailstorm Pounds Dallas/Fort Worth Region Overnight
Hurricanes, too, are inescapable along the Gulf Coast and while, fortunately, no Harvey-like storm hit the coasts of Louisiana or Texas in 2018, repercussions from that monstrous 2017 hurricane continue to make waves and create interest for Insurance Journal readers.
- Army Corps, Texas Officials Propose Sweeping Hurricane Protection Plan
- Lessons Learned From Hurricane Harvey Highlighted in Zurich Report
- Texas Windstorm Association Seeking $175M Assessment for Harvey Losses
- Researchers: Houston Skyscrapers Slowed Hurricane Harvey, Causing More Rain
- Flood Insurance Uptake Rates Rise in Texas Following Harvey
- Nearly 670K Property Insurance Claims in Texas from Hurricane Harvey: TDI
- Toxic Impact of Hurricane Harvey Deeper than Public Told
Stories about mergers, acquisitions, expansions and even liquidations of Texas-based insurance firms captured the attention of IJ readers, as well.
- Texas Moves to Liquidate Non-Standard Auto Insurer, Access
- Marsh to Acquire Houston’s Wortham Insurance
- Texas-Based Goosehead Insurance Going Public With IPO
- Texas-Based M.D. Jensvold Co. Changes Name to LP Risk
- Worldwide Facilities to Acquire Texas Insurance Wholesaler McClelland and Hine
- Arthur J. Gallagher & Co. Acquires Houston’s AquaSurance
- Arthur J. Gallagher to Acquire Texas MGA, Pronto
- 3 New Property/Casualty Insurers OK’d to Do Business in Arkansas
- New Property Insurer, Journey, to Include Texas in Initial Roll Out
Lawsuits, Verdicts and Settlements
Who doesn’t love a story about lawsuits? Obviously not IJ readers in the South Central region, as some of the most clicked-on stories concerned jury awards, convictions, sentencing and settlements.
- Finding Toyota Negligent in Accident, Texas Jury Awards $242M to Family
- Former Texas Agent Gets Life Sentence for Insurance Scam
- Texas Family Awarded $8M for Body Missing from Funeral Home
- Jury Hits Ex-Cowboys Player, Nightclub with $25M Verdict in DUI Death
- Health Insurer Aetna Faces $25M Verdict in Oklahoma Coverage Case
- Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer
- Texas Attorney Sentenced for Insurance Fraud Involving Hail Claims
- Lance Armstrong, US Government Settle Lawsuit for $5M
- Texas Pilot Who Crashed Plane for Insurance Sentenced to Prison for Fraud Scheme
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