Texas / South Central News

New FEMA Maps Could Force Central Texas Residents to Buy Flood Insurance

Hundreds of Central Texas residents could be forced to buy flood insurance or face stricter building regulations for new structures nearly three months after deadly flooding, according to new Federal Emergency Management Agency advisory maps made public Friday. The maps, …

Far Away Cities Benefit From BP Settlement Money

Clusters of landlocked municipalities more than 100 miles from the Gulf Coast have secured millions of dollars in BP money through settlements designed to compensate local governments for lost tourism dollars and other economic damage from the company’s 2010 oil …

Fifth Circuit Predicts Texas Law Will Validate Wasting Limit Policies

Liability insurance policies typically have two main components: defense and indemnity. North American Specialty Ins. Co. v. Royal Surplus Lines Ins. Co., 541 F.3d 552, 559 (5th Cir. 2008). Most liability policies that are issued provide for defense costs to …

Attorney Hits Texas Hail Claims ‘Cottage Industry’ Bilking Public, Insurers

The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property insurers, but also puts insurance consumers at risk, says a Dallas-based …

Oklahoma Officials Working to End Earthquakes Say it Will Take Time

It could take up to another year of research to determine what has caused a recent series of Oklahoma earthquakes and whether the state is doing enough to stop them, officials said Tuesday. After meeting with members of the Coordinating …

Louisiana’s Mostly Unclaimed Citizens Insurance Rebate Lowered

Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state’s property insurer of last resort. In addition, the reduction is retroactive, meaning those who failed …

LUBA Workers’ Comp Announces Expansion Into Texas

Louisiana-based LUBA Workers’ Comp announces plans to expand into the Texas market. The insurer currently covers businesses in Louisiana, Mississippi, and Arkansas through select, independent insurance agencies. The company has been designated “A- Excellent” A.M. Best rating with a stable …

Worley Claims Services to Acquire NCA Group

Louisiana-based Worley Claims Services, a national independent insurance adjustment management service, announced the signing of a definitive agreement to acquire NCA Group, Inc., a national provider of daily and catastrophe residential and commercial property claims services throughout North America. The …

Oil Industry Warns of Economic Costs if Moratorium on Wastewater Wells is Issued

Representatives of the oil and natural gas industry are warning of the potential economic costs in Oklahoma if a moratorium is issued on wastewater disposal wells that some suspect may be triggering earthquakes in the state. Last year, Oklahoma recorded …

Speed Caused 27% of Louisiana Traffic Deaths in 2013

A new report finds speeding was a factor in at least 27 percent of Louisiana traffic fatalities in 2013. A National Highway Traffic Safety Administration study says the state had 703 traffic fatalities two years ago and 193 stemmed in …

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