Tag: Texas drought

The flood insurance industry raises over $70,000 for flooding victims in Texas

Julie Campbell
texas flood insurance insurance claims hurricane ike 2008

The central part of the state is now experiencing a drought despite the flooding only a few months ago. The central region of Texas is going through a year of very difficult extremes and the flood insurance industry is hoping to help to ease the burden of the flooding that was experienced a few months ago. At the moment, the area is under an elevated wildfire risk due to the notable drought that has moved in. It was only May when Central Texas and Austin experienced one storm system after…

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Disaster declaration renewed in Texas as devastating drought persists

Texas Governor Rick Perry has renewed a declaration of disaster regarding the state’s ongoing and costly drought. Last year, the declaration was renewed several times, as the drought showed no signs of relenting. According to the National Weather Service, 2011 was the driest year Texas has ever known and the second hottest. The conditions ignited several wildfires throughout the state that caused damage to hundreds of homes and ruining thousands of acres of land. Insurers have been battling the disaster as fervently as state officials, but there seems to be…

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Texan farmers to receive insurance aid while battling extreme drought

Nordstrom

Texas has been struggling to cope with one of the most severe droughts in the state’s history. The dry conditions have sparked a rash of wildfires throughout the state, which have burned crops and homes alike. The state’s insurers have been working to mitigate the damage caused by the extreme conditions and for those that lost their homes to fire, recovery is quickly becoming a reality. Good news is on the horizon for thousands of farmers who had their crops destroyed by the drought as well. More than 41,000 Texan…

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Texas wildfires wreak havoc on citizens and the insurance industry

Texas is battling a raging wildfire that has broken out in Bastrop, Hays, Travis and Williamson counties. The fires have already scorched more than 100,000 acres of land and burned several hundred homes throughout Central Texas. Many communities have been evacuated as no end is currently in sight for the wildfires. The disaster is expected to add to the financial strain bearing down on the nation’s insurance industry, which is already reeling from two costly flooding disasters stemming from Hurricane Irene and Tropical Storm Lee. Insurers are estimating that the…

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No end in sight for severe drought in Texas

S.Vagus

Drought continues to grip much of the Southern U.S. and there seems to be no end in sight. Texas was due for some mild relief from Tropical Storm Don as it made its way from the Gulf to bathe Southern Texas with rain. However, the storm vanished as it approached land, like an illusory oasis in the desert. What should have brought modest relief to a state that has struggled with drought since October of last year proved only to spur worry. Concerns regarding the drought are highest among ranchers…

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Texas drought costing billions in losses

S.Vagus

While much of the South in inundated with water, Texas is suffering from one of the worst droughts in recent history. Last week, the level of drought rose a staggering 22%, putting the level at 48%. There have been more than 9,000 wildfires throughout the state, causing damage to some 400 homes and burning 2.2 million acres of land. Texas officials are seeking aid from the federal government to help mitigate the expected $3 billion in losses because of the severe drought. Farmers across the state are reporting damage to…

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