Pittsburgh is more than 200 miles (320 kilometers) from the nearest coast, yet its office and retail buildings face $420 million in exposure to flood damage, or the third-greatest of any city in the U.S., according to a report published Monday.
More than 300 lawsuits totaling a staggering $3 billion have been filed over the Astroworld disaster on November 5 that ultimately claimed the lives of ten people.
Successful subrogation against power companies is not a given. In determining whether the Electric Reliability Council of Texas (ERCOT) may be sued for its clear negligence in failing to properly winterize power production facilities and the power grid that it runs in Texas, the issue is currently in limbo.
Tesla is now selling insurance to customers in Texas, two years after first launching the offering in its now-former home state of California. But the version in Texas is different.
A Houston businessman has been sentenced to two years in federal prison and ordered to pay more than $1.8 million in restitution – nearly five times the money he collected in an insurance fraud scheme.
Five Texas police officers are suing Tesla Motors after being hit by the electric car company’s Model X — which was operated by a user in its so-called ‘autopilot’ mode.
The insurance and reinsurance market loss from recent hurricane Nicholas is estimated to be around US $950 million, according to modelling analysis undertaken by catastrophe risk specialist Karen Clark & Company.
Nicholas threatens to bring high winds, torrential rain and flooding to eastern Texas and Louisiana after making landfall early Tuesday as a Category 1 hurricane along the Texas Gulf Coast.
Allstate has reached an agreement with a law firm to dismiss the latter’s proposed class-action lawsuit against the insurer – a lawsuit that accused Allstate of using unqualified expert witnesses in insurance litigation.
Reversing a federal district court, the Fifth Circuit Court of Appeals recently applied the Texas eight-corners rule to hold that an insurer had a duty to defend a restaurant chain against claims the chain breached its contract with a credit card processor by not preventing hackers from gaining access to its customers’ private information.
A tip about a stolen car in a Fort Bend County subdivision led investigators to a multi-million dollar luxury vehicle theft ring, according to the Fort Bend County sheriff.
