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The broader vulnerabilities revealed by the Texas blackouts

© Getty Images The lights are back on and the drinking water restored in most of Texas. Plumbers are fixing the pipes that burst in frigid, blacked out homes.  Our state’s leaders will need years to fix what went wrong in our epic failure, which featured 500 times as many forced blackouts as California’s wildfires last summer. But national attention will fade if other Americans misinterpret last week’s blackouts as a uniquely Texan failure.  In some ways, they were. Only Texas runs its power grid as an island, isolated from the two larger grids that cover most of the United States and Canada. That left Texas stranded when the Arctic blast slammed through. Other states restored power with imports from their neighbors. Our isolated grid also shielded Texas companies from federal regulators who may have forced them to better prepare for storms.

US Oil Production Estimated to Have Fallen 1 1Mln Bpd After Texas Storms

Property Insurance Policies for Texas Landlords

Tuesday, February 23, 2021 The historic February 13-17, 2021, winter storm caused billions of dollars in property damage across the state of Texas.  Extreme low temperatures, heavy snow and ice storms and widespread power outages led to broken pipes and other weather-related system failures, flooding, destroyed landscaping, loss of inventory and equipment, and a myriad of other problems that will take affected property owners weeks and months from which to recover. Many retail landlords in Texas are reviewing their property insurance policies and the insurance clauses in their leases to determine responsibility for and whether insurance covers the formidable repair costs they are facing.  While the lease contract will allocate coverage requirements between the landlord and tenant, the language of their respective insurance policies will set forth which types of losses are covered or excluded and whether the insured party took all necessary steps to benefit from such cov

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