Texas / South Central News

Corps Says It’s not to Blame for Katrina Flooding

Justice Department lawyers argued at trial on Dec. 12 that there is little evidence a shipping channel dug decades ago by the Army Corps of Engineers contributed significantly to the castastrophic flooding after Hurricane Katrina that swamped St. Bernard Parish …

Brand Joins IMA Benefits in Dallas

IMA Inc. has added Matt Brand as a business development executive for IMA Benefits in Dallas. Brand has extensive insurance industry experience having worked on both the brokerage and carrier sides of the industry. Brand is focused on business development …

Texas Work-Related Injuries, Illnesses Decrease Again in 2010

Private industry employers in Texas reported a 5.8 percent decrease in nonfatal occupational injuries and illnesses involving days away from work during 2010 for a total of 56,720. With the 2010 decrease, Texas has seen a decline in such workplace …

Insurer of High-Value Homes Expands to Louisiana

Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of well-built, high-value homes, announced it is expanding into Louisiana. PURE serves more than 13,000 affluent individuals and families by offering high-value homeowners, private fleet …

Anderson Joins Advocate Reinsurance Partners

Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, has added Cory Anderson as a partner. Anderson has worked in the reinsurance sector for more than a decade. He was most recently with Aon Benfield in …

Frost Insurance Acquiring Stone Partners

Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective Jan. 1, 2012. Stone Partners will operate as a division of Frost Insurance. Originally established as …

Texas Lawmakers Named to Coastal Insurance Study Committee

A joint committee of state lawmakers over the next year will be looking in to alternatives for providing property insurance along the Texas coast. Texas House Speaker Joe Straus, R-San Antonio, has announced Texas House appointments to the Joint Interim …

U.S. Court Affirms $50M Verdict for Rice Farmers

The Arkansas Supreme Court has affirmed a nearly $50 million verdict for farmers who say they lost money because Bayer’s genetically altered rice seeds contaminated the food supply and drove down global crop prices. Bayer, the German conglomerate whose Bayer …

Insential Names Dowd Director of Financial Services

Plano, Texas-based wholesale broker and managing general underwriter (MGU), Insential Inc., has added Tom Dowd as director of financial services. Dowd has an extensive background in the property/casualty insurance industry including more than 30 years of experience in the management …

Analysis: Health Exchange Debate not Over in Arkansas

The Arkansas insurance commissioner’s decision to give up on the state running a health insurance exchange isn’t the end of the fight over implementing the federal health care law that required it. It’s just a preview of the fights to …

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