Texas

Did you evacuate your home due to the Texas winter storms? Your insurance, or FEMA, might cover your costs

5 days ago

It’s important to call your insurance agent and check what your policy does and doesn’t cover. If it’s not covered by insurance, the federal government could help.

Thousands of Texans fled to hotels or outside of the region to escape the days-long power outages, water issues and other problems that cascaded across the state as winter storms rolled through the area. 

Now, many are trying to recover. 

If you or your family had to evacuate your home due to storm damage, and you have insurance, your policy might cover your costs, officials with the Texas Department of Insurance say.

Most

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The Texas deep freeze could force this energy company out of business

6 days ago
Just Energy said Monday that it could lose about $250 million from Texas’ deep freeze that left millions without power last week. The hit “could be materially adverse to the Company’s liquidity and its ability to continue as a going concern,” it said in a press release.
Canada-based Just Energy (JE) shares dropped more that 30% in early trading on the Toronto Stock Exchange.
The massive spike in energy demand during Texas’ cold snap sent prices soaring. Just Energy noted that Texas energy prices were selling for as much as $9,000 per megawatt hour for much of last
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As Texas deep freeze subsides, some households now face electricity bills as high as $10,000

7 days ago

As the Texas power grid collapsed under a historic winter storm, Jose Del Rio of Haltom City, in the Dallas-Fort Worth area, saw the electricity bill on a vacant two-bedroom home he is trying to sell slowly creep up over the past two weeks. Typically, the bill is around $125 to $150 a month, he said. But his account has already been charged about $630 this month — and he still owes another $2,600.

“If worse comes to worst, I have the ability to put it on a credit card or figure something out,” Del Rio said. ”There is no

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Celebrities provide financial assistance to Texas amid storm: ‘Send our prayers’

1 week ago

Texas was hit with a deadly winter storm this week and millions of residents were left without power in freezing temperatures.

Hollywood has banded together — along with politicians — to help raises funds and provide relief as communities struggle to find food, water, and shelter.

Houston-native Beyonce is providing financial assistance. Her foundation, BeyGOOD, and sports clothing brand Adidas have teamed up with Houston’s Bread of Life to help feed people in need.

“We send our prayers to those impacted by the winter storm,” a tweet posted by the BeyGOOD organization said. 

LIVE UPDATES: TEXAS WATER ISSUES CONTINUE DESPITE

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Texas storm will cost billions for U.S. insurance companies

1 week ago

Texas Rep. Jodey Arrington discusses the various factors that led the Texas electrical grid and infrastructure to fail during one of the strongest winter storms in a century.

With billions of dollars in damage expected from the historic Texas winter storm, a state regulator plans to collect data from property insurers to assess costs stemming from a crippled electrical grid, roofing collapses, broken pipes and other problems, a spokesman said on Friday.

“We expect this to be a large event, but we just don’t know how large it will be,” said Texas Department of Insurance spokesman Ben Gonzalez, noting that

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Filing an Insurance Claim for Texas Storm Damage? Payouts Hinge on Policy Details

2 weeks ago

When the snow and ice melt, many Texans will file insurance claims for the damage. Some will be annoyed that they get nothing for a freezer-full of spoiled meat, while others will be pleasantly surprised at how easy it is to get money to fix a wrecked car.

The unusual winter storm in the big state is giving many insurers opportunity to test new mobile-based technology that has proliferated over the past year for more quickly settling claims for car wrecks, insurance-industry executives said.

But the massive storm also will highlight variations in basic homeowners policies that some consumer activists

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