Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5 billion in insured losses, Karen Clark & Co. said in a briefing on Tuesday. KCC said there were dozens of …
Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021 LexisNexis Home Trends Report, the loss cost in 2020 also …
A three-year analysis National Insurance Crime Bureau (NICB) of insurance claims associated with hailstorms in the United States shows Texas once again leads all states in hail claims by a wide margin. NICB’s report is based on a review of …
Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of insurance claims associated with hail …
Texas ranked as the state with most annual hail claims — by a wide margin — over the past three years according, to the National Insurance Crime Bureau (NICB). In a media announcement, the NICB said a review of claims …
In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached $19 billion in inflation-adjusted …
The R Street Institute applauded the introduction today of S.B. 10, legislation to rein in the growth in Texas hail-related litigation. The bill, sponsored by state Sen. Kelly Hancock, R-North Richland Hills, would provide revisions to Texas law, preserving the …
A study of home insurance trends reveals good news for home insurance carriers: homeowner claims continue to decrease and loss costs are flat or on the decline. The 2016 LexisNexis Home Trends Report notes that while the U.S. has already …
Damaging hail storms and wide-spread flooding have caused record setting losses for both homes and automobiles this year in Texas, according to a state insurance trade group. This year’s insured losses for the first two quarters already surpass every year’s …
If you scan the song/album list of the late, great Texas blues guitar powerhouse, Stevie Ray Vaughan, you’ll get an inkling of what the major stories from Insurance Journal’s South Central region in 2015 were about: the weather and its …
