The Texas insurance regulators say the weather-related event that occurred March 23 – 24 in Dallas, Tarrant, Denton and Collin Counties is a catastrophe for the purpose of claims processing.
Claims resulting directly from the identified catastrophe in the counties listed above will be allowed additional time for processing, according to the Texas Department of Insurance.
Regulators say the large volume of claims necessitates the catastrophe declaration. TDI expects insurers to continue to promptly identify, evaluate and resolve these claims.
Insurers still must promptly acknowledge receipt of a claim and make appropriate assignments for the investigation of a claim.
Policyholders should continue to receive the timely service that they expect and should not experience delays in receiving the benefits that they deserve because of the additional time.
Source: Texas Department of Insurance
Related:
- Hailstorms Pummel North Texas, Again
- Update: With Property Claims Added, North Texas Hail Damage May Reach $600M
- Hail Damage in North Texas Could Cost $300M in Car Repairs
Topics Catastrophe Natural Disasters Texas
Was this article valuable?
Here are more articles you may enjoy.
California Sees Two More Property Insurers Withdraw From Market 
AIG General Insurance Chairman McElroy to Retire May 1 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
