Texas / South Central News

Many Texans Earn Low Pay, Hold Few Assets

Texas politicians like to tout the state’s economic growth, but more and more Texans are finding themselves teetering on the edge of poverty. There is little doubt Texas has survived the Great Recession better than other states, but a study …

Officials: Louisiana Man Accused of Setting 12 Fires

Louisiana State Fire Marshal H. “Butch” Browning says a 55-year-old Kaplan man is accused of setting a dozen fires, including one that destroyed the vacant Kaplan Rice Mill. Browning and Kaplan Police Chief Boyd Adams say in a news release …

Copper Thieves Plaguing Texas Businesses

Despite new laws making any theft of copper a state jail felony, thieves continue to plague Texas businesses by ripping away copper tubing from commercial air conditioning units. Several Texas businesses have been hit more than once and the result …

Louisiana Senator Co-Sponsors Bill to Protect Agent Health Commissions

Two U.S. senators have filed a bill to clarify that agent compensation should be excluded from the federal health reform Medical Loss Ratio (MLR) requirement for the individual and small group markets. Sen. Mary L. Landrieu, D-La., chair of the …

Oklahoma Bill Would Combat Prescription Drug Overdose

Under legislation by state Rep. Pat Ownbey, physicians could not prescribe a controlled substance without first using the Oklahoma Bureau of Narcotics Prescription Monitoring Program to see what has already been prescribed to their patient by other doctors. House Bill …

Newton Joins AmWINS Brokerage of Texas in Houston

Daniel Newton has joined AmWINS Brokerage of Texas as an assistant vice president and a marketing manager in the company’s Houston office. Newton formerly was territory manager – commercial lines with America First Insurance. He has 15 years of experience …

TDECU Insurance Acquires 2 More Texas Independent Agencies

TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton, Texas. These agency acquisitions are on the heels of TDECU …

Farmers Insurance Rate Hike in Texas Set for March

Farmers Insurance will raise homeowner premiums by nearly 10 percent after Texas regulators declined to object to the increase. The Dallas Morning News reported that the rate hike, set for mid-March, will apply to about half of the Farmers Insurance …

Witness: Stanford Was Center of Fraud

Allen Stanford used fake insurance and false financial statements to deceive investors and regulators as he sought to shield his global financial empire from government scrutiny for more than two decades, his top deputy said on Feb. 2. James Davis …

No Decision Made on Louisiana Citizens Judgment Appeal

Commissioner Jim Donelon says a decision won’t be made until next week on whether the state’s property insurer of last resort will pursue a U.S. Supreme Court appeal of a $93 million judgment against the company. Donelon said that his …

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