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Severe Winter Storm In Texas: Insurance Coverage Considerations | K&L Gates LLP


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The winter storm that ravaged Texas this week 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 US$19 billion in insurance claims. The Texas winter storm of 2021 has the potential to exceed that.
The damage caused by this extreme winter weather event, which has brought with it unprecedented amounts of ice, snow, and freezing temperatures; has been felt by communities, individuals, and businesses all across Texas; and has been compounded by widespread and prolonged power outages. Businesses will need to confront and address a wide range of losses including damage to property caused by collapsed roofs and burst water pipes, inter ....

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