Texas / South Central News

Lighthouse Acquires HomeWise Louisiana Policies

Lighthouse Property Insurance Corp. (Lighthouse), a Louisiana domestic insurance company has acquired the Louisiana homeowners policies of HomeWise Insurance Co., a Florida-based insurer. The terms of the agreement include the transfer to Lighthouse of over 11,000 homeowners’ policies which represent …

Arkansas Jury Awards $7M in Fatal Truck Accident

A federal jury has awarded a $7 million judgment to the family of a Farmington, Mo., truck driver killed when his vehicle collided with another semi-truck in northern Arkansas. The panel in western Arkansas found in favor of Roger Reagan’s …

Fort Worth CPCU Society Chapter Awards 12 Scholarships

The CPCU Society’s Fort Worth Chapter presented 12 students with scholarships on Oct. 24, 2011. The recipients were Risk Management & Insurance majors from the University of North Texas. A total of $16,000 in scholarship money was awarded, with the …

Louisiana Citizens Increases Commercial Premiums

The board of the Louisiana Citizens Property Insurance Corp. has given final approval to a 22.1 percent rate increase for its 5,734 commercial policyholders, a move that could mean an increase of about $700 in the average policy premium. Citizens …

IBTX Risk Services Moving to New North Texas Location

IBTX Risk Services is moving its Dallas/Fort Worth office location to the Las Colinas Corporate Center II in Irving, Texas. The Nov. 18 move will provide a facility upgrade from the firm’s previous location and offer numerous benefits for employees, …

Federation of Insurance Women of Texas Elects New Officers

The Federation of Insurance Women of Texas, or FIWT, has installed new officers for 2012. Newly elected officers are: President Conya Harris, of Johnston Fiss Insurance; President-elect JoAnna Ringel, Bliss and Glennon; Vice President Vanessa Torres, Litchfield Special Risks Inc.; …

Former Louisiana Lawmaker Shepherd Released to Halfway House

A former Louisiana state senator who pleaded guilty to money laundering in a fraudulent security bond fraud case has been released from federal prison into a halfway house. The Federal Bureau of Prisons said Derrick Shepherd, 42, of Marrero, was …

Coast Guard OKs Winding Down BP Spill Cleanup

BP will no longer be responsible for cleaning up oil that washes up on the Gulf Coast unless officials can prove it comes from the company’s well that blew out in 2010, causing the worst offshore spill in U.S. history, …

Gulf Oil-spill Workers Sought for Study

Federal researchers are looking for cleanup workers willing to participate in a $17.8 million study of long-term health effects from last year’s Gulf of Mexico oil spill. They want to interview more than 50,000 cleanup workers in Louisiana, Mississippi, Alabama …

Louisiana Commissioner Re-elected by Large Margin

While pundits were saying that Louisiana Gov. Bobby Jindal, with almost 66 percent of the vote, rolled up the most lopsided win in a governor’s race in recent times, he fell short of the victory margins scored by Insurance Commissioner …

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