Wine grape growers in Texas and surrounding states filed a lawsuit last week against drug-maker Bayer-Monsanto and chemical giant BASF for the damage their cotton herbicide has caused to vineyards.
The Texas Senate Transportation Committee has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.
Major hailstorms pelted three big cities across the south-central United States on Wednesday night, shattering windows, denting vehicles and leaving behind headaches for homeowners.
Hail as large as softballs rained down Wednesday evening as severe thunderstorms struck parts of Texas and Oklahoma. There were 38 reports of severe hail across Texas and Oklahoma, including near San Antonio, Fort Worth and Oklahoma City, according to the Storm Prediction Center.
The Texas House Insurance Committee on Tuesday voted 5-4 to recommend fellow lawmakers pass a bill mandating appraisal clauses in auto insurance contracts. House Bill 2534 would institute another option for insurers and policyholders to resolve claim cost disputes without having to go to court.
Flooding and confirmed tornadoes caused damage in parts of Oklahoma and Missouri overnight and into Wednesday afternoon. Flooding was reported in Branson, Missouri, as well as several other areas, including Abilene, Texas, and Bentonville, Arkansas.
Texas is still shaking from one of the most damaging natural disasters in recent history. In February 2021, the southern state and its surrounding neighbors fell prey to Winter Storm Uri -- a deep freeze event that saw temperatures plummet as low as -18C.
In Hinojos v. State Farm Lloyds, the Supreme Court of Texas addressed liability under the Texas Prompt Payment of Claims Act (the ‘TPPCA’) when an insurer timely pays only part of a claim.
The Electric Reliability Council of Texas could be left to pay for the legal defense and damages resulting from more than a dozen lawsuits filed against the state’s power grid manager following the February storm.
The size of the estimated winter storm insurance and reinsurance market loss from February’s severe Arctic freeze and the issues suffered by energy organisation the Electric Reliability Council of Texas, Inc. (ERCOT) has raised speculation over the chances of subrogation becoming a possibility for carriers.
A record-breaking natural disaster, Winter Storm Uri, is slated to result in the largest amount of insurance claims in Texas history from a single event. The winter storm swept through the state causing widespread power outages, water shortages, frozen pipes that burst and flooded buildings, snow or ice damage to buildings, fires, car accidents and deaths.
The first estimates of losses for the Texas deep freeze event, which resulted in burst pipes, widespread blackouts, and water shortages, have arrived – and they’re not pretty.