Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. The initial accounting Thursday follows warnings from other insurers that are tallying the damages from a hurricane season that is nowhere near being over.
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
Independent adjusters in Florida might have their work cut out for them — with numerous Hurricane Irma-related claims being filed — but they look set to be compensated for their hard work with the region’s increased pay rates.
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.
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.
Roiling waters in the streets have been replaced by stifling piles of garbage on the curbs.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.
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.
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.
Flooding and wildfires are making massive headlines this summer and this extreme weather risk is placing considerable pressure on the property insurance industry.
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.
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.
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.
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.
