This year’s winter storm could become the costliest weather event in Texas history

Thursday, February 18, 2021 | Tag Cloud Tags: , , , , ,

(Worthy News) – The deep freeze and snowfall that paralyzed Texas this week could be the costliest weather event in state history as home and auto claims start to pour in, insurance industry officials warn.

Ice, snow and some of the coldest temperatures in decades will likely result in large insurance claims from customers in every part of the state after the winter storm prompted a precedent-setting weather warning in all 254 counties.

This storm, which isn’t over as many parts of the state are still experiencing snow and sub-freezing conditions, will probably be costlier than Hurricane Harvey, which amounted to $19 billion in insurance claims or about $20.1 billion adjusted for inflation, Garcia said. [ Source: Dallas Morning Herald (Read More…) ]

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