Texas / South Central News

Best Agency to Work For – South Central Silver Winner: G&G

G&G Independent Insurance has cracked the code. For the fifth straight year, G&G has been named a finalist in Insurance Journal’s Best Agencies to Work For competition. Five straight years of praise coming from inside the Fayetteville, Arkansas-based agency’s walls. …

Louisiana Gov. Landry Raises Concerns Over $3B Coastal Restoration Project

NEW ORLEANS (AP) — Louisiana Gov. Jeff Landry raised serious objections Thursday to a $3 billion project long hailed as key to restoring the state’s eroding coastline, decrying the growing cost and predicting dire harm to a coastal culture dependent …

AM Best Upgrades Credit Rating of Texas Mutual

AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a+” (Excellent) of Texas Mutual Insurance Company (Texas Mutual) based in Austin, Texas. The outlook of …

Texas Public Utility Commission Reports on CenterPoint Energy’s Beryl Response

When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers went without electricity for days in …

Best Agency to Work For – South Central Gold Winner: CoVerica Insurance

Earlier this year CoVerica Insurance rolled out an employee-owned stock program, giving the agency’s staff an opportunity to become part-owners of the organization. That decision to become an employee-owned company gave CoVerica members an opportunity to buy into the company’s …

Texas Reaches $12.6M Settlement Related to 2019 Port Neches Chemical Explosion

Texas reached a $12.6 million settlement with TPC Group over environmental violations related to the November 2019 explosions at the company’s Port Neches chemical plant, Texas Attorney General Ken Paxton announced Friday. The settlement requires TPC Group to repair or …

Texas Jury Awards $2M in Sex Discrimination Lawsuit Against SkyWest Airlines

A federal jury has awarded $2 million in punitive damages against SkyWest Airlines and $170,000 for emotional harm to Sarah Budd, a female parts clerk, to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), …

Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion

Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg. Claims in cases by eight separate companies, including some …

Ken Paxton Adds Dallas to List of Cities He’s Sued Over Marijuana Decriminalization

Texas Attorney General Ken Paxton has filed another lawsuit to prevent decriminalizing marijuana-related offenses, this time against the city of Dallas. Paxton has previously sued the cities of San Marcos, Austin, Killeen, Elgin and Denton over similar measures with varying …

CSB: 27,000 Pounds of Toxic Gas Released in Texas Hydrogen Sulfide Release

The U.S. Chemical Safety Board released an investigation update into a fatal hydrogen sulfide release at PEMEX Deer Park Refinery in Texas. The incident occurred on October 10, 2024, and killed two workers and injured 13 others. CSB’s investigation found …

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