Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry’s understanding of these risks, according to a report published by RMS. “Secondary …
In a committee hearing on Sept. 28, Texas state senators were furious that natural gas companies won’t have to better prepare their facilities for extreme weather before this winter and rebuked the Texas Railroad Commission, which regulates the state’s massive …
At least 111 Texans died as a result of the February 2021 winter storm, according to updated numbers released on March 25 by the state Department of State Health Services. The newly revised number is nearly twice what the department …
The last Texas regulator on the Public Utility Commission at the time of the deadly February blackouts has resigned, Gov. Greg Abbott announced. In a statement issued on March 16, Abbott said he had asked for and accepted the resignation …
At least 57 people died in Texas as a result of the mid-February 2021 winter storm, according to preliminary data the state health department released March 15. The largest number of deaths — at least 25 — occurred in Harris …
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across …
Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson. Arctic cold brought ice and sub-zero temperatures …
Texas state legislators on Thursday begin digging into the causes of deadly power blackouts that left millions shivering in the dark as frigid temperatures caught its grid operator and utilities ill-prepared for skyrocketing power demand. Hearings are expected to highlight …
The mother of an 11-year-old boy who died after they lost electricity and heat in their Texas mobile home during last week’s freeze has filed a $100 million lawsuit against two power companies for gross negligence. Maria Pineda said the …
After the big freeze in Texas comes the big thaw — and the big demand for workers to repair the broken pipes and sagging roofs the retreating ice and snow will reveal. It could take months for contractors to fix …
