Dallas-based Gainsco Inc. announced that A.M. Best has upgraded the financial strength rating (FSR) of Gainsco’s principal insurance subsidiary, MGA Insurance Co. Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also …
Preliminary estimates of insured losses from recent winter storms in Texas range between $51 million and $100 million statewide according to two insurance industry trade groups. Southwestern Insurance Information Service said estimated preliminary statewide losses from high winds and freezing …
A Travis County (Texas) jury recently returned a record-setting verdict for damages against drug manufacturer Actavis Mid-Atlantic LLC, the Texas Attorney General’s office announced. The jury determined that Actavis and co-defendant Actavis Elizabeth LLC should pay Texas and the federal …
Dallas-based RISC Inc. has added Joe de Poo as vice president in its Transportation Department. De Poo has more than 25 years of insurance industry experience, most of which has been dedicated to Commercial Transportation. He began his insurance career …
Oklahoma Insurance Commissioner John Doak has formed a catastrophe response task force to coordinate efforts of the department and the industry in the aftermath of the recent winter storm. “This is the first time the department has joined with the …
Texas Gov. Rick Perry reappointed Rod A. Bordelon Jr. of Austin as commissioner of Workers’ Compensation at the Texas Department of Insurance (TDI) for a term to expire Feb. 1, 2013. Bordelon has served as commissioner of Workers’ Compensation at …
As Oklahomans continue to slowly dig out of 20 inches of snow, sleet and ice that shut down major interstates and forced the closure of airports, businesses and schools, law enforcement agencies are warning of the slog ahead, with roads …
Distinguished Programs Group LLC (Distinguished), headquartered in New York, has acquired a controlling interest in GreenLine Underwriters (GreenLine), a Dallas-based program administrator focused on delivering insurance products through Web -based technology. The GreenLine platform enables agents and brokers to quote, …
The Senate is looking at banning drivers from using handheld cell phones in school and highway work zones, going a step further than a similar ban that passed the House this week. The Senate is considering a proposal by Sen. …
Nearly 200 years before Hurricane Katrina, a major storm hit the coast of Louisiana just west of New Orleans. Because the War of 1812 was simultaneously raging, the hurricane’s strength, direction and other historically significant details were quickly forgotten or …
