Texas / South Central News

Insurers Expect ‘Hundreds of Thousands’ of Claims from Texas Storm

U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes stock of its losses from a winter storm that has crippled its electrical grid. Insurers’ losses could stretch into billions …

Oklahoma Legislation Would Require Tornado Safety Information in Hotels

Under legislation passed by the Oklahoma House of Representatives, new or renovated hotels and motels would be required to tornado safety information in every room and common areas. Rep. Denise Crosswhite Hader, R-Piedmont, who authored House Bill 1748, said the …

Winter Storm Uri to Generate Billions in Insured Losses: Moody’s

The massive winter storm that barreled through the mid-section of the United States and across the South in mid-February, hitting Texas particularly hard, will generate billions in insured losses, according to commentary by Moody’s Investors Services. The storm, which has …

Texas Leaders Failed to Heed Warnings About Vulnerability of Power Grid, Experts Say

Millions of Texans have gone days without power or heat in subfreezing temperatures brought on by snow and ice storms. Limited regulations on companies that generate power and a history of isolating Texas from federal oversight help explain the crisis, …

Palomar Teams Up with Austin’s Technical Risk Underwriters on Builder’s Risk

Palomar Holdings Inc., a specialty property insurance headquartered in La Jolla, Calif., has forged an agreement with Technical Risk Underwriters (TRU), an Austin, Texas-based subsidiary of Ryan Specialty Group LLC (RSG), to facilitate Palomar’s expansion in the builder’s risk market. …

NTSB Will Investigate Deadly 130 Vehicle-Plus Crash in Texas

National Transportation Safety Board said it would investigate a massive crash involving more than 130 vehicles on an icy Texas highway that killed six people and injured dozens more. The NTSB said on Twitter that its safety investigation would focus …

In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

The finger-pointing began immediately: It was the frozen wind turbines that foolishly replaced traditional sources. No, fossil fuels were at fault. No, Texas’s deregulated power market, unique in the country, had allowed companies to skimp on maintenance and upgrades. As …

Texas Ag Industry, Food Supply at Risk from Severe Weather, Official Says

Farmers and ranchers across Texas are seeing devastating effects from the cold weather on livestock, feed and agriculture products, Texas’ top agriculture official says. In a media release, Texas Agriculture Commissioner Sid Miller warned the statewide impact of the winter …

$4.5M Settlement Offered in Police Shooting of Alton Sterling in Louisiana

After a $5 million proposed settlement fell through, officials in a Louisiana parish are now offering $4.5 million to settle the civil lawsuit brought by the family of Alton Sterling, a Black man who was killed in 2016 by police …

Brence Named Shareholder at Swingle Collins & Associates in Dallas

Dallas-based Swingle Collins & Associates has named Collin Brence as the agency’s newest shareholder. Brence is the youngest individual to earn the shareholder title in the agency’s 39 years. He joined Swingle Collins as a commercial producer in 2015 after …

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