A Texas generation and transmission cooperative is suing its insurer for failing to defend the company against multiple lawsuits stemming from 2021 Winter Storm Uri. Golden Spread Electric, a G&T cooperative based in Amarillo, claims breach of contract, declaratory judgment …
State Farm paid more than $471 million in claims from frozen pipes in 2021, and more than two/thirds of claims can be rooted back to one state: Texas. The Lone Star State accounted for $343 million of frozen pipes claim …
A new report from the Texas Department of State Health Services confirms a final death count from the February 2021 Winter Storm Uri and the subsequent collapse of the Texas electric power grid. The DHS reports 246 winter storm-related deaths …
Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …
Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in estimated annual insured losses from natural catastrophes of US$105 billion, the fourth highest since 1970, according to Swiss Re Institute’s …
A recently released report from the state’s insurance department shows more claims and higher average claim costs resulting from the severe and prolonged winter storm that enveloped Texas in mid-February than were previously reported. In the report released Sept. 1, …
The electric utility Griddy Energy has reached a settlement with Texas officials over crushing electric bills its customers received after the deadly February winter storm and cold wave, the Texas Attorney General’s Office announced. Griddy Energy sold power to consumers …
If you’re having trouble wrapping your mind around the spree of natural catastrophes currently plaguing the world—from deadly July floods in Germany and China to the wildfires still burning in Greece, California and Siberia —you may be interested to know …
In the wake of 2020 and winter storm Uri, we have seen firsthand how disaster can strike anytime or anywhere, causing sometimes irreparable damage — and no business is immune. Perhaps one of the greatest lessons is the importance of …
State officials on July 13 added 59 deaths to the toll wrought by the Feb. 14 cold wave and the ensuing collapse of the Texas electric power grid. The deaths newly tallied by the Texas Department of State Health Services …
