Texas Cold Snap May Spur Historic Number of Insurance Claims

According to a recent post in Claims Journal online, the Texas Insurance Council said the polar vortex that caused power outages across Texas will bring more insurance claims than any event in the state’s history.

Writing for Claims Journal, Jack Sams reported, "The winter losses follow a disastrous year for U.S. insurers. As the Claims Journal previously reported, there were 22 natural disaster events in 2020 that caused $1 billion or more in insured losses, according to a report by Aon. That was the highest number of disasters ever recorded."

Read the rest of the article in Claims Journal.