Texas / South Central News

Federal Disaster Assistance Denied for Oklahoma

Gov. Mary Fallin’s office says her request for federal assistance to individuals and businesses affected by a tornado that killed six in Woodward has been denied. A news release said that Fallin will now ask the U.S. Small Business Administration …

Texas Governor Again Renews Drought Disaster Declaration

Gov. Rick Perry has renewed a proclamation declaring Texas a disaster due to the drought. Perry renewed the disaster status on April 20, extending a similar proclamation from last July. The governor initially declared the drought a disaster in December …

Solution for Disaster Recovery? House in a Box, Maybe

In one of the New Orleans neighborhoods hit hardest by flooding in Hurricane Katrina‘s aftermath, developers have built a prototype house that’s aimed at providing a quick housing solution for areas blown away by hurricanes and tornadoes or knocked down …

SIAA Signs 4 New Agency Members in South Central Region

The Strategic Insurance Agency Alliance (SIAA) announced it signed four new agency members in South Central states during March. SIAA members created more than $780 million in new premium growth in 2011 — their third straight year over $750 million. …

Louisiana Citizens Asks U.S. High Court to Hear Claims Suit Appeal

Louisiana’s property insurer of last resort has asked the nation’s highest court to hear an appeal of a $104.6 million award to 18,500 policyholders who sued over slow adjustment of hurricane claims in 2005. The action by Louisiana Citizens Property …

Oklahoma Senate Approves Workers’ Comp Alternative

Oklahoma companies would be allowed to opt out of the state’s traditional workers’ compensation system and instead self-insure or have alternative coverage under new guidelines outlined in a bill approved on April 18 in the state Senate. Groups representing big …

South Texas Residents Drying Out after Storm

Residents living north of Corpus Christi in the Portland/Gregory communities are in the process of drying out following a 15-inch rainfall on April 16. Gregory, with a population of 2,500, reported 80 percent of its homes flooded from the storm. …

Texas Insurance Council Scholarship Funding Tops $500K

With its latest round of scholarships, the Insurance Council of Texas’ (ICT) annual funding for students enrolled in insurance and risk management classes in Texas universities has topped the half million dollar mark. The program, which began in 2002 with …

South Central Insurance Employment: Oil, Economy Fuel Texas Hiring

Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level since the recession began in 2007. The good news: Some independent agencies across Texas say hiring in agencies is …

Companies to Pay $14.8M in FEMA Trailer Settlement

Nearly two dozen companies that manufactured government-issued trailers for storm victims after Hurricane Katrina have agreed to pay $14.8 million in a proposed class-action settlement of claims that the temporary shelters exposed occupants to hazardous fumes. Plaintiffs’ attorney Gerald Meunier …

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