Almost a year after Hurricane Harvey dumped historic rains on Texas, the state will receive more than $5 billion for a range of flood control projects, repairs and studies, the Trump administration announced on July 5. The bulk of the …
If a recent ruling by the Oklahoma Supreme Court remains unchanged, the state’s tax authority may end up having to pay millions of dollars in rebates to workers’ compensation carriers and companies that self-insure for workplace injuries. In an unpublished …
Blue Bell Creameries’ directors must face claims that their mismanagement led to a 2015 listeria outbreak that forced the ice-cream maker to recall all its products and lose millions of dollars in sales. Investors raised legitimate points in a lawsuit …
The Arkansas School Safety Commission issued its preliminary report and recommends that every school always have an armed presence, including a trained resource officer whenever financially feasible. The report also calls for increased mental health resources for students, anti-bullying programs, …
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Service American Indemnity Co., headquartered in Austin, Texas. The outlook assigned to the ratings is stable. Concurrently, …
Texas has a hail problem. OK, from an insurance perspective, Texas has a weather problem, period, but that’s another story altogether. Back to hail. On June 6, a hailstorm walloped heavily populated areas of North Texas with baseball sized hail …
Investigators in San Marcos, Texas, say 20 people have been indicted for allegedly being part of a Texas crime ring that stole heavy equipment and sold the expensive items for cash or drugs. San Marcos police on July 3 announced …
Stating it has come to his attention that not all insurers are abiding by state law regarding certain insurance policy “producer of record” changes, Louisiana Insurance Commissioner Jim Donelon has issued a directive reminding insurers of their statutory obligations. According …
Three new property/casualty insurance companies have been approved to do business in Arkansas, the state insurance department reported. All three are based in Florida. Counting the recently accepted companies, 10 new insurers have been approved to enter the Arkansas insurance …
Dallas-based Hotchkiss Insurance Programs, a privately held managing general insurance agency, is changing its name to Catapult Insurance Solutions. The name change reflects the organization’s expertise in launching programs. In recent years, the company’s brand and presence has evolved to …
