Another One Bites The Dust: United P&C To Quit Florida, Louisiana, Texas And NY Homeowners Markets
St. Petersburg-based United Property & Casualty Insurance (United P&C) has filed plans to withdraw operations in Florida, Louisiana and Texas and intends to file a plan of withdrawal in New York, its parent company United Insurance Holdings Corp. (UPC) announced Thursday.
August 26, 2022
Insurance Industry
Liability
Property
Florida
Louisiana
New York
Texas
Texas Governor Declares Disaster For 23 Counties After Near-Record Rain, Flooding
Gov. Greg Abbott signed a disaster declaration after Monday’s severe flooding, including Dallas County, as the region recovers from a storm event that flooded roads, submerged cars, delayed flights, left at least one person dead and more than 100 homes damaged.
August 23, 2022
Auto
Property
Texas
Estimated $6M Property Loss From Balch Springs, Texas Grass Fire
The Balch Springs Fire Department has released more information about the grass fire that caught several homes on fire Monday afternoon. The grass fire was first reported to officials at 3:17 p.m. Monday. When fire officials responded, there were three acres on fire and winds were gusting between 15 and 20 MPH, causing the fire to spread quickly.
July 27, 2022
Property
Texas
Climate And Wildfire Risk: A Conversation With Dr. Craig Clements
‘Climate change has its fingerprints all over’ the increasingly costly wildfire activity we’ve seen in recent years, says Triple-I non-resident scholar Dr. Craig Clements, even though most fires are ignited by people.
July 26, 2022
Catastrophe
Property
California
Oregon
Texas
Washington
Report: NY And Miami Metro Areas Have Most Homes At Risk Of Storm Damage
CoreLogic has said that New York and Miami have the most homes at risk of storm surge damage, alongside the highest reconstruction cost value. According to the firm, its 2022 Hurricane Report shows that nearly 7.8m homes with more than $2.3tn in combined reconstruction cost value (RCV) are at risk of hurricane-related damages.
June 23, 2022
Catastrophe
Property
Florida
Louisiana
Texas
What Is The "8 Corners Rule?"
The so-called 8-Corners Rule is an important aspect of insurance defense in Texas. If you’re running an insurance company and you’re faced with the possibility of defending a policyholder from a legal action, you probably know about this rule.
June 17, 2022
Litigation
Texas
Texas School District Sues Insurers Over Hurricane Hanna Coverage
The Edinburg school district sued a bundle of its insurance carriers last month, claiming that they failed to payout over $39 million for damage sustained during Hurricane Hanna. The district is suing for the money it says it is owed and alleges -- among other things -- breach of contract and violations of the Texas Deceptive Trade Practices Act.
June 17, 2022
Litigation
Property
Texas
Unlicensed Company Pays $350K Fine After Adjusting Thousands Of Claims In Texas
A California company has entered into a consent order with the Texas Department of Insurance (TDI) after adjusting thousands of property and casualty insurance claims on Texas risks without a required state license.
June 8, 2022
Auto
Liability
Property
Texas
Uprooted Trees, Crushed Buildings After Severe Storms Across The Carolinas And Texas
Severe storms from Texas to the Carolinas damaged homes and left thousands without power throughout the afternoon and evening hours on Monday.
May 24, 2022
Property
North Carolina
South Carolina
Texas
Dozens Of Abilene, Texas Buildings Burned By Wildfire
High winds, drought conditions and extreme temperatures have caused a series of wildfires in Texas, including one that the authorities on Thursday said had destroyed about 30 structures and burned more than 9,000 acres.
May 20, 2022
Property
Texas
Coding Error Exposed Personal Info Of 1.8M Texans With Workers’ Compensation Claims
The personal information of almost 2 million Texans who filed claims with the Texas Department of Insurance was exposed and publicly available for nearly three years, according to a state audit released last week.
May 17, 2022
Liability
Workers' Compensation
Texas
Animal Collisions Nationwide Increased During The Pandemic
Automobile collisions involving wildlife can be deeply traumatizing and costly for drivers and their passengers, but a new report from State Farm reveals just how common of an occurrence such crashes are.
May 17, 2022
Auto
California
Michigan
North Carolina
Pennsylvania
Texas
Drowning In Dirt: Fill-And-Build Home Lots Raise Community Flood Risk
The soul of this Florida Panhandle city lives in the Tanyard, a 200-year-old neighborhood so steeped in history that locals give it an extra capital ‘T’ -- as in ‘The Tanyard.’ It has also seen big-T troubles: Jim Crow-era segregation, heavy industrialization, multiple hurricane batterings, and a half-century of disinvestment and blight.
May 11, 2022
Legislation & Regulation
Property
Florida
Louisiana
South Carolina
Texas
Severe Weather Leaves Damage Across The Southern Plains
Multiple significant tornadoes tore through parts of Oklahoma and adjacent north Texas late Wednesday, destroying structures while storm chasers jammed roadways. Hail as large as baseballs and torrential rain also accompanied the storms, which brought dozens of reports of flooding in eastern Oklahoma and northwest Arkansas.
May 6, 2022
Auto
Property
Arkansas
Kansas
Missouri
Oklahoma
Texas
131 Insurers Sue ERCOT Over Winter Storm Uri
Winter Storm Uri rolled into Texas like nothing the state had ever seen before. Unprepared for such a freeze, the power grid shutdown.
April 18, 2022
Catastrophe
Excess & Surplus Lines
Litigation
Property
Texas
