The Texas Department of Insurance has denied a catastrophe determination petition submitted by State Farm Insurance Cos. in response to wildfires that have plagued the state in September.
The department said it denied the petition based on the information provided by State Farm in its Sept. 12 submission.
The insurer sought a catastrophe determination in connection with numerous destructive wildfires occurring in the counties of Anderson, Bastrop, Bexar, Caldwell, Camp, Cass, Colorado, Fayette, Gregg, Grimes, Harrison, Henderson, Hill, Houston, Hunt, Leon, Limestone, Marion, Montgomery, Nacogdoches, Palo Pinto, Red River, Rusk, Smith, Tarrant, Travis, Upshur, Van Zandt, Walker, Waller, and Williamson on Sept. 4, 2011, through Sept. 12, 2011.
The department said that a weather-related catastrophe or major natural disaster for the purpose of claims processing is not warranted at this time.
All claims resulting directly from the above-mentioned fires need to be processed following the deadlines provided in Texas Insurance Code, the department said.
Source: Texas Department of Insurance
Topics Catastrophe Texas State Farm
Was this article valuable?
Here are more articles you may enjoy.
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies 
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
