State Farm, Allstate Send Hundreds Of Claims Workers To Assess Harvey Damage

  Thursday, August 31st, 2017 Source: Chicago Tribune

As floodwaters continue to surge in much of southeast Texas, hundreds of State Farm and Allstate employees have flocked to the state to start assessing the mounting damage from Hurricane Harvey. But with the hardest-hit areas still in search-and-rescue mode, some of those claims workers remain on standby. Roads are impassable, and the insurance industry is left largely in the dark as to potential damages. Total insured losses from the storm, which made landfall Friday and has not stopped pummeling much of the affected area, could be $10 billion to $20 billion, JPMorgan predicted. That would place it among the 10 costliest hurricanes to hit the U.S.

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