Texas / South Central News

More Louisiana Property Owners Move to Private Insurers

Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana Citizens Property Insurance Corp., the wait to go private …

Louisiana State Police Continuing Left-Lane Enforcement Efforts

Louisiana State Police troopers are continuing a crackdown on drivers on the state highways who refuse to move from the left lane and allow other traffic to pass. In a recent left-lane enforcement detail on Interstate 10 between Sulphur and …

TDECU Insurance Agency Acquires Associated Insurance Advisors

TDECU Insurance Agency LLC announced the acquisition of Associated Insurance Agency Inc. (AIA) based in Houston, Texas. The purchase was finalized Jan. 3, 2012. Associated Insurance Agency is an independent insurance agency that has served the Houston business community for …

Johns to Retire as President of Southwestern Insurance Information Service

Jerry Johns, president of Southwestern Insurance Information Service, announced his intention to retire March 1, 2012, after 37 years with the organization. Johns began his career as vice president of SIIS in Oklahoma City and was elevated to president upon …

La Nina to Linger to Spring

La Nina, the weather phenomenon widely blamed for withering drought in the southwestern United States and South America, may last longer than expected, into the Northern Hemisphere spring, the U.S. Climate Prediction Center has warned. “The latest observations … suggest …

Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request

Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After Oklahoma’s request for a waiver of the MLR requirement was denied by …

SEC Sues Texas Life Settlements Firm, Alleges Deception

Federal securities regulators filed suit against a Texas-based provider of so-called “life settlements,” accusing it and three top executives of defrauding shareholders by overvaluing the life insurance policies it buys from its customers. In a statement, the Securities and Exchange …

New Orleans Settles Claims Police Ignored Threats

The city of New Orleans has agreed to pay $25,000 to settle a federal lawsuit that accused police of ignoring a woman’s complaint that her ex-husband threatened her two weeks before he killed her and a friend, a spokesman for …

Leal, Pekar Join Texas-Based TDECU Insurance Agency

Vickie Leal and Kathleen Pekar have joined TDECU Insurance Agency LLC in Lake Jackson, Texas, as the agency’s newest licensed agents. Leal is serving the insurance needs of community and credit union members in Angleton, Bay City, Brazoria, Freeport, Houston, …

Peel Joins Swantner & Gordon Insurance Agency in Houston

Swantner & Gordon Insurance Agency has added Thomas Peel in the marketing department of the firm’s Houston office. As a marketing representative, Peel will be responsible for analyzing and placing risk with appropriate insurers and negotiating rates for commercial clients. …

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