Hurricane Harvey News

Louisiana Parishes Have Been Designated Disaster Areas Due to Harvey

The federal government has designated several Louisiana parishes disaster areas due to damages caused by flooding from Hurricane Harvey. Agriculture and Forestry Commissioner Mike Strain says the U.S. Department of Agriculture’s Farm Service Agency recently gave Cameron, Grant, Natchitoches and …

Texas Division of Workers’ Comp: Employees Stepped Up to Help After Hurricane

When Hurricane Harvey devastated the Houston area two months ago, Texas Department of Insurance, Division of Workers’ Compensation employees around the state responded rapidly. DWC increased staffing on the customer service line, created a resources web page, and reminded insurance …

Austin American-Statesman: Texas Has 100s of Substandard Dams in Populated Areas

The earthen dam on the outskirts of Georgetown in Texas’ Williamson County certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a reliable job of …

Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable

After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural disasters could reach unaffordable levels for …

Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas

Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton – $100 million; rice and soybeans – $8 million. Livestock …

Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes

A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We …

Interim Charges for Texas House Committees Focus on Harvey’s Impact

In laying out the interim committee charges for the next legislative session, which will begin in January 2019, Texas House Speaker Joe Straus focused on Hurricane Harvey’s impact on the state. Almost every House committee received at least one charge …

Global Re/Insurers Seek Premium Hikes After Costly 3rd Quarter

Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in insured losses, according to modeling …

U.S. Attorney’s Office for Eastern District of Texas Creates Disaster Fraud Task Force

Acting United States Attorney Brit Featherston has established a Disaster Fraud Task Force in the Eastern District of Texas comprised of local, state, and federal agencies to combat hurricane Harvey related disaster fraud activity, the U.S. Attorney’s Office announced. The …

XL Group Q3 Reports Losses in Excess of $1B on Hurricanes Harvey, Irma, Maria

XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming Hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 per fully diluted share, compared to $70.6 million …