March 2021 Texas Propane Magazine

Page 6

Feature

Severe Winter Storm in Texas: Insurance Coverage Considerations By Carolyn M. Branthoover & Douglas J. Simmons K&L Gates The winter storm that ravaged Texas [in mid-February] has caused considerable damage and suffering, and it is predicted by some that it will to lead to the largest number of insurance claims resulting from a single event. For a state that is used to dealing with large-scale hurricane disasters, that is a remarkable prediction. For example, press reports estimate that Hurricane Harvey yielded $19 billion in insurance claims. The Texas winter storm of 2021 has the potential to exceed that. 6

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