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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

Major Gulf Coast Energy Infrastructure Shutdown Due To Tropical Storm Harvey

Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry.
August 31, 2017 Catastrophe Excess & Surplus Lines Louisiana Texas

Commercial Drones: Harvey A Seminal Moment For The Insurance Industry

Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders.
August 30, 2017 Auto Catastrophe Property Risk Management Technology Texas

Tropical Storm Harvey Makes 2nd Landfall Just West Of Cameron, Louisiana

Tropical Storm Harvey made a second landfall just west of Cameron, La., early Wednesday, although any flooding was expected to be nowhere near levels that have devastated this battered city, forecasters said.
August 30, 2017 Catastrophe Marine Property Louisiana Texas

United Airlines Will Feel Hurricane Harvey’s Impact

At Houston, United Airlines operates its second-biggest hub -- and one of its most profitable. One analyst estimates $265 million in lost revenue from Hurricane Harvey.
August 29, 2017 Catastrophe Texas

Kraft Family To Match Up To $1 million In Hurricane Harvey Donations

The Kraft family has offered to match up to $1 million in donations to the American Red Cross’ Hurricane Harvey Disaster Relief fund.

The New England Patriots are working with the American Red Cross to create a site to accept these donations.
August 29, 2017 Catastrophe Texas
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