Insurance claims for Texas storm damage could be in the billions

texas flood insurance insurance claims hurricane ike 2008

The industry has predicted that when the spring flooding eases, there will be massive devastation left behind. The spring storms that have been relentlessly tormenting Texas will soon be sending their costs over to insurers as policyholders begin to make their insurance claims for the flooding and other types of damage that have been left behind. The damage estimates have shown that there will be billions of dollars in insured damages. Those estimates include only the types of expense that will likely be covered by insurance claims. The total damage…

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