$100K Worth Of Equipment Stolen From Restoration Company Assisting Hurricane Victims

A local company who deployed to Houston to help victims of Hurricane Harvey became victims of a Texas-sized crime while in the Lone Star State. The Norcross-based company “TruRenu” was helping storm victims get back on their feet by repairing their flooded homes when their equipment was stolen.
September 18, 2017 Auto Property Texas

Harvey, Irma Damage Reaches Nearly $300 Billion

Preliminary data on the total cost of damage caused by Hurricanes Harvey and Irma is finally coming in, and analysts are projecting hundreds of billions in losses thanks to the damage caused by both weather events.
September 15, 2017 Auto Catastrophe Excess & Surplus Lines Marine Property Florida Georgia South Carolina Texas

Adjuster Scoping Techniques Can Be Motivated By Rewards During Catastrophes

Over 82,000 victims of Hurricane Harvey have so far filed claims with the National Flood Insurance Program (NFIP), reports say.
September 13, 2017 Catastrophe Property Risk Management Texas

Cleaning Up Mountains Of Trash From Hurricane Harvey Could Take Months

Roiling waters in the streets have been replaced by stifling piles of garbage on the curbs. Hurricane Harvey’s record-setting rains created heaps of ruined possessions that now line entire neighborhoods, nearly up to the rooftops of the homes that were swamped.
September 8, 2017 Catastrophe Property Texas

Emergency Responders Sue Arkema Over Chemical Plant Fire After Harvey

Police and emergency workers filed suit on Thursday against French chemicals company Arkema SA, claiming they were injured after it failed to take adequate steps to avoid a fire at its Crosby, Texas, plant after Hurricane Harvey.
September 8, 2017 Excess & Surplus Lines Litigation Texas

Exclusive: An Army Of Tow Trucks Tackles Houston’s Flood-Damaged Cars

How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time.
September 7, 2017 Auto Salvage Texas

Harvey Recovery Likely To Cause Workplace Safety Risks

Recovering from Tropical Storm Harvey will be a dangerous process and can present multiple safety hazards to workers, according to experts.
September 6, 2017 Liability Workers' Compensation Texas

Extreme Weather Risk Taking A Toll On The Property Insurance Industry

Flooding and wildfires are making massive headlines this summer and this extreme weather risk is placing considerable pressure on the property insurance industry.
September 6, 2017 Catastrophe Property California Florida Louisiana Montana Oregon

Car Dealers Prepare For Wave Of Swamped Vehicles In Houston

The Chevy Malibu produced a putrid cloud of must and steam as Troy Rondeno peered beneath the steering wheel. The saturated carpet reeked of mildew and hot plastic, and white spots of mold climbed the sedan’s black leather seats as it languished in a North Houston salvage yard.
September 6, 2017 Auto Catastrophe Salvage Texas

Harvey Aftermath: FEMA To ’Rush Recovery Money’ For Insurance Claims

After Hurricane Harvey spawned epic flooding along the Gulf Coast, insured flooding victims will be able to get financial relief a little bit faster. The Federal Emergency Management Agency announced a temporary change Monday that would "rush recovery money" into the hands of National Flood Insurance Program policyholders.
September 5, 2017 Catastrophe Property Texas

Houston Port Continues Salvage Efforts To Recover From Harvey Damage

Salvage efforts continued on Monday to remove a sunken drydock in an industrial portion of the Houston Ship Channel, home to major oil refineries and petrochemical plants, officials said.
September 5, 2017 Excess & Surplus Lines Marine Salvage Texas

Evacuation Lifted Around Arkema’s Flooded Texas Chemical Plant

French chemical firm Arkema SA (AKE.PA) said an evacuation zone put in place amid fears that more flammable organic pesticides at its flooded plant in Crosby, Texas, would explode was lifted on Monday after the materials were ignited in a controlled burn.
September 5, 2017 Excess & Surplus Lines Texas

Insurance Won’t Cover 80% Of Homes Flooded By Hurricane Harvey

When the flood waters left behind by Hurricane Harvey eventually recede, they will leave behind billions of dollars in property damage. However, a large majority of homeowners will likely have to spend their own money to make their homes livable again.
August 31, 2017 Catastrophe Property Louisiana Texas

State Farm, Allstate Send Hundreds Of Claims Workers To Assess Harvey Damage

As floodwaters continue to surge in much of southeast Texas, hundreds of State Farm and Allstate employees have flocked to the state to start assessing the mounting damage from Hurricane Harvey.
August 31, 2017 Auto Catastrophe Property Texas

Insurer Expects Limited Exposure From Harvey; Coverage For Windstorm Damage Only

Property and casualty insurer and reinsurer Lancashire Holdings is not exposed to the first $40 million of windstorm reinsurance claims and does not expect to pay out huge amounts from Tropical Storm Harvey, its head of investor relations said.
August 31, 2017 Excess & Surplus Lines Texas
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