Record Snowstorm Pushes North Texas Losses to $25M
Recent record snowfall in the Dallas/Fort Worth area resulted in insured losses at $25 million, the Insurance Council of Texas reported.
The snow accumulations of up to a foot paralyzed the area’s transportation system and caused widespread damage from falling trees and crashing roofs.
An estimated 4,200 claims came from auto, residential and commercial property owners. The average claim was approximately $6,000.
The snow began falling early on February 11 and continued to fall for most of the day. Thousands of residents were without electricity for several days as power outages were common across the area.
Dennis Cavanaugh, a meteorologist for the National Weather Service office in Fort Worth, said the storm produced the largest snowfall on record for a 24-hour period at the Dallas Fort Worth airport.
Source: The Insurance Council of Texas, www.insurancecouncil.org.
- Are We Training Claims Adjusters or Claims Processors?
- Tesla’s Rollout of Cybercab Is Marred by Regulatory Probe
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
- Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner