 SOUTHWESTERN NEWS covers Texas, New Mexico, Oklahoma, and LouisianaLook here for stories in your region, and let us know what's going on where you are
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Written by staff
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Saturday, 30 January 2010 |
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CLICK for SW Contents Feb 2010 PDF format
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Written by staff
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Friday, 29 January 2010 |
Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners.
The average premium in Louisiana for a standard homeowners policy in 2007, the most recent year for which data are available, was $1,400, up from $1,257 in 2006. That 11.4 percent jump was the largest increase in homeowners insurance in the nation.
According to the Times-Picayune, Insurance Commissioner Jim Donelon said he wasn’t surprised by the data because 2007 was when the brunt of the rate increases after Hurricanes Katrina and Rita kicked in. After the storms, many insurers also increased the insured value of homes on people’s policies.
Donelon believes the 2008 figures will improve because that’s when the insurance department’s signature reform, a program to give insurers multimillion-dollar grants to do business in Louisiana, began. “I’m hopeful that next year we’ll see a decrease,’‘ Donelon said.
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Written by Terry Box, Dallas News
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Friday, 22 January 2010 |
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Dallas News is reporting that the recession cut deeply into local new car and truck sales last year, which fell a dramatic 29.9 percent – one of the steepest declines in decades. All four major counties in the Dallas-Fort Worth area reported drops of at least 25 percent in new vehicle sales from 2008 levels, according to The Freeman Metroplex Recap of new vehicle sales, released Jan 20. Buyers in the Dallas area, previously one of the strongest new car markets in the U.S., postponed purchases last year as unemployment rose and the values of their houses fell. Many banks balked at financing car and truck sales, demanding higher down payments and better credit scores. The new vehicle market in Dallas-Fort Worth was actually weaker than the car and truck market nationally. Sales in the U.S. dropped 21 percent in 2009 from 2008.
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Written by staff
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Monday, 30 November 2009 |
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With a track record of more than 50 years carrying a huge inventory of auto paint, equipment and related accessories, as well as every mechanical part imaginable, O’Reilly Automotive, Inc. is spreading throughout the country and expanding its network of stores at a phenomenal rate. In 2008, O’Reilly completed the biggest acquisition in the company’s history with the purchase of CSK Auto. This and past acquisitions have made O’Reilly one of the top three auto parts chains in the country.
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