Live Insurance News

Flooding from Hurricane Patricia in Texas could bring billions in claims

October 28, 2015October 26, 2015 Julie Campbell

The strongest storm of its nature ever to hit the Western Hemisphere is also bringing flooding back to the state. Even though the storm didn’t cause the type of catastrophe that may have been expected from Hurricane Patricia, the worst storm of that nature that has ever been seen by the Western Hemisphere, this doesn’t mean that it won’t be leaving devastation in its trail now that it has been downgraded to a tropical depression. The largest cities in Mexico may have been spared but Texas could see billions of…

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

October 20, 2015October 18, 2015 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…

Insurance claims for Texas storm damage could be in the billions

June 4, 2015June 2, 2015 Julie Campbell

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…

Flood insurance tips for Texas homeowners

July 28, 2012July 28, 2012 Julie Campbell

Benefiting from the coverage starts with purchasing it in the first place. The season for flooding has arrived, and homeowners in Texas are looking into flood insurance as they balance the dry summer of 2011 with the downpours of this year. Insurers are stressing the importance of preparedness and the right types of coverage. Homeowners in the state are being advised to take the time to understand the risks associated with flooding, and to discover tips that can help them to prepare if their homes should ever be threatened by…