A recent ruling from the Fifth Circuit Court of Appeals in Louisiana clarified that an umbrella policy may be triggered even when the underlying insurance is exhausted by claims that would not be covered by the umbrella policy itself. The …
A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …
A new $4 million study will look at two ideas that have been proposed as ways to protect the Houston area from hurricane storm surges that could cause billions of dollars in damage and wreak havoc on the largest petrochemical …
Experts say the early January’s extreme cold and wind are expected to be one of the costliest weather events in Ohio since the remnants of Hurricane Ike hit in 2008. No solid estimate is available yet, but the Dayton Daily …
Texas’ insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. Responding to claims by a Houston-based trial lawyer that employees of the Texas Windstorm Insurance Association often used racist …
Residents, business owners and officials in Galveston, Texas, are worried about the prospect of flood insurance premiums spiking due to recent changes in federal law. Legislation passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result …
Sept. 13 marked the fifth anniversary of the landfall of Hurricane Ike on the Texas coast. Despite its Category 2 ranking when it hit, Ike caused more than $30 billion in damage and the lessons learned from it could be …
An insurance agent from Houston has been sentenced to 10 years in prison for pocketing more than $250,000 in customer premiums, the Texas Department of Insurance reported. TDI said McKinley Shumate, 59, of Houston was sentenced to 10-years in prison …
Despite pleas from officials and policyholders in Texas Gulf Coast communities, the board of the state’s insurer of last resort for wind along the coast has decided not to assess its member insurance companies for losses resulting from Hurricane Ike. …
A Southeast Texas city still recovering from 2008’s Hurricane Ike has access to more than $21 million in funds previously frozen in a public housing dispute. The Galveston County Daily reported Tuesday that the Texas General Land Office will release …
