Bursting Pipes, Sagging Roofs Strain Texas Adjusters, Contractors February 22, 2021 By Thomas Black and Katherine Chiglinsky After the big freeze in Texas comes the big thaw — and the big demand for workers to repair the...
Insurer Wins Covid-19 Business Interruption Case Filed by New Orleans Restaurant February 22, 2021 By Jim Sams A New Orleans judge has denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for...
Insurance Losses From Texas Storm May Set First Quarter Record: A.M. Best February 21, 2021 By Suzanne Barlyn Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and...
Insurers Expect ‘Hundreds of Thousands’ of Claims from Texas Storm February 19, 2021 By Suzanne Barlyn U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes...
Oklahoma Legislation Would Require Tornado Safety Information in Hotels February 18, 2021 Under legislation passed by the Oklahoma House of Representatives, new or renovated hotels and motels would be required to tornado...
Winter Storm Uri to Generate Billions in Insured Losses: Moody’s February 18, 2021 The massive winter storm that barreled through the mid-section of the United States and across the South in mid-February, hitting...
Texas Leaders Failed to Heed Warnings About Vulnerability of Power Grid, Experts Say February 18, 2021 By Erin Douglas, Kate McGee and Jolie McCullough, The Texas Tribune Millions of Texans have gone days without power or heat in subfreezing temperatures brought on by snow and ice storms....
Palomar Teams Up with Austin’s Technical Risk Underwriters on Builder’s Risk February 18, 2021 Palomar Holdings Inc., a specialty property insurance headquartered in La Jolla, Calif., has forged an agreement with Technical Risk Underwriters...
NTSB Will Investigate Deadly 130 Vehicle-Plus Crash in Texas February 17, 2021 National Transportation Safety Board said it would investigate a massive crash involving more than 130 vehicles on an icy Texas...
In Texas’s Black-Swan Blackout, Everything Went Wrong at Once February 17, 2021 By Rachel Adams-Heard, Naureen S. Malik and Brian Eckhouse The finger-pointing began immediately: It was the frozen wind turbines that foolishly replaced traditional sources. No, fossil fuels were at...