Texas / South Central News

Avizent Acquires Lousiana-based F.A. Richard and Associates

Avizent, a national claims and risk management service provider based in Columbus, Ohio, announced it has acquired F.A. Richard and Associates (FARA), headquartered in Mandeville, La. With this acquisition, Avizent expands its footprint in the west, and significantly increases operational …

Third Coast Underwriters Expands in Gulf Region

Third Coast Underwriters, which provides workers’ compensation insurance for underserved markets that have complex risks, is expanding facilities in Louisiana and Texas, and adding the availability of workers’ compensation for oil and gas and United States Longshore and Harbor Workers …

Texas Senate Votes to Keep Texas Insurance Department

The Texas Senate has voted to renew the state Department of Insurance and give it stronger enforcement penalties when companies lose challenges to their rates. Lawmakers are considering competing bills to extend the life of the agency that regulates the …

As Water Inches Closer, an Agonizing Wait in Louisiana

The final wave of holdouts has mostly packed up and left this Louisiana town as water from the swollen Atchafalaya River has inched toward their homes, with their frustration and hope painted on signs posted outside. “Nothing left worth stealing,” …

Oklahoma Schools Insurance Rates Go Up After Storms

More than 400 Oklahoma schools have received notices of expected insurance rate increases averaging 19.5 percent. The notice from the Oklahoma Schools Insurance Group, which provides various types of coverage to 440 of Oklahoma’s 526 school districts, comes after schools …

Innovation in Spotlight at MarketScout’s Entrepreneurial Insurance Symposium

Insurance industry leaders will share their companies’ innovations and their own personal entrepreneurial experiences in September at a symposium dedicated to the development of new concepts and ideas in the insurance industry. Hosted by MarkeScout, the Entrepreneurial Insurance Symposium, to …

S&P Affirms Ratings of HCC; Upgrades Enterprise Risk Management

HCC Insurance Holdings Inc., headquartered in Houston, announced that Standard & Poor’s Corp. has affirmed the Financial Strength Ratings of “AA” for the following insurance company subsidiaries: Houston Casualty Co. Avemco Insurance Co. U.S. Specialty Insurance Co. HCC Specialty Insurance …

Oklahoma Commissioner Urges Passage of Uninsured Motorists Bill

Uninsured motorists involved in a traffic accident would be unable to receive compensation for pain and suffering damages under a bill approved in the Oklahoma Senate. The Senate voted 28-20 for SB 272 over the objection of Democrats who say …

Oklahoma Senate Approves Massive Late-Session Work Comp Bill

The Oklahoma Senate has approved a more than 200-page bill that completely overhauls Oklahoma’s workers’ compensation laws. The proposal emerged in the Oklahoma House just three days before lawmakers are expected to adjourn the legislative session. SB 878 has passed …

Agents’ Group Gives $100K to Texas Volunteer Fire Departments

Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments. The money will go to a special fund created to …

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