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.
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.
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.
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.
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.
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.
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.
‘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.
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.
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.
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.
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.
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.
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.
