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Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

Devastation After Deadly Tornado Outbreak In Texas, Oklahoma

New videos show scenes of devastation in the aftermath of powerful tornadoes that touched down in Texas, Oklahoma and Arkansas on Friday. At least eight tornadoes were confirmed by survey teams from the National Weather Service, and two of those have been rated an EF-3 with winds near 160 mph.
November 7, 2022 Auto Property Arkansas Oklahoma Texas

FedEx Appeals $366M Verdict in Racial Discrimination Case

FedEx Appeals $366M Verdict in Racial Discrimination Case

FedEx Corp said it would ask a federal judge in Texas to throw out or reduce a jury’s $366 million damages award to a Black former employee who accused the company of disciplining and firing her after she complained about racial discrimination.
November 2, 2022 Liability Litigation Texas

Toyota Insurance Launches in Eighth State, Texas

Toyota Insurance Launches in Eighth State, Texas

Toyota auto insurance (TAI), the automaker’s branded coverage product which launched last December, has now announced that it is moving into Texas for the first time. Texas is the second largest market in the United States and will be an important move for the insurer.
October 27, 2022 Auto Texas

Renewable Energy Sector Hit by Hail Losses

Renewable Energy Sector Hit by Hail Losses

U.S. renewable energy insurers are expected to pay out more than $300 million in claims due to hailstorms in Texas this year, GCube Underwriting Ltd. said in a report Tuesday.
October 19, 2022 Excess & Surplus Lines Texas

70+ Vehicles Burned at Texas Pumpkin Patch

70+ Vehicles Burned at Texas Pumpkin Patch

What was supposed to be a picture day with the pumpkins turned into dozens of families running for their lives. More than 70 cars went up in flames at a pumpkin patch near Temple, Texas.
October 18, 2022 Auto Texas

California Leads the Nation in Rising Catalytic Converter Thefts

California Leads the Nation in Rising Catalytic Converter Thefts

State Farm has released an update to a previous report it has made regarding recent trends in auto insurance claims having to do with catalytic converter thefts. The trend, though already bad in the last report, has only managed to worsen across the country.
October 5, 2022 Auto California Illinois Minnesota Texas Washington

Allstate, State Farm Continue to Raise Auto Insurance Rates

Allstate, State Farm Continue to Raise Auto Insurance Rates

Allstate and State Farm have continued to pursue significant auto insurance rate increases as they react to inflationary pressures and increases in auto accident severity.
September 21, 2022 Auto Arizona Florida Illinois Massachusetts New Hampshire

Fifth Circuit Leans on Well-Established Contractual Interpretation Doctrine to Preclude Coverage Under General Liability Policy

Fifth Circuit Leans on Well-Established Contractual Interpretation Doctrine to Preclude Coverage Under General Liability Policy

To paraphrase Justice Oliver Wendell Holmes Jr., a case ‘which appeals to the feelings and distorts the judgment’ makes bad law. In the face of exceptionally tragic circumstances, however, the Fifth Circuit Court of Appeals resisted the urge to let its emotions carry the day.
September 12, 2022 Liability Litigation Texas

Baylor Wins COVID Business Interruption Jury Verdict Against Lloyd’s

Baylor Wins COVID Business Interruption Jury Verdict Against Lloyd’s

A jury has issued a $48.5 million verdict in favor of Baylor College of Medicine in COVID-19 business interruption coverage it filed against Lloyd’s underwriters, in the first such verdict on the issue.
September 6, 2022 Litigation Property Texas

Blue Bell’s Carriers Do Not Have to Pay for Listeria Outbreak Damages

Blue Bell’s Carriers Do Not Have to Pay for Listeria Outbreak Damages

Federal Judge Robert Pitman, who presided over the 15-day mistrial of Blue Bell’s former president, has ruled in another case involving the Brenham, TX-based creamery. From his Western District of Texas federal court bench, Pitman granted the motion for a summary judgment favoring two insurance companies over Blue Bell Creameries USA Inc.
August 29, 2022 Liability Litigation Texas

Another One Bites The Dust: United P&C To Quit Florida, Louisiana, Texas And NY Homeowners Markets

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

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

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 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

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
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