Archive for September 2017

In Houston alone, it’s estimated that 300,000-500,000 vehicles will be deemed a total loss because of flood damage due to Harvey. That’s according to Cox Automotive’s chief economist’s analysis of the number of vehicles lost due to Sandy (250,000), as … Source: Claims Journal

An audit recommends the city of Portland improve the way it promotes safety after it was hit with more than $18 million in legal payouts from 2012 to 2016. Cases against the Oregon city included workers getting injured, city vehicles … Source: Claims Journal

Colorado Cop Arrested for Alleged Fraudulent Insurance Claims A Colorado police officer indicted by a state grand jury was arrested on multiple felony counts for allegedly lying about his home and car being burglarized and collecting nearly $60,000 in fraudulent … Source: Claims Journal

Wildfires in Oregon are burning an area roughly equivalent to half the state of Rhode Island, affecting air quality throughout the state and forcing the evacuations of more than 4,500 people, fire authorities said Wednesday. Two dozen fires in southern, … Source: Claims Journal

Houston’s mayor has faced questions about his decision not to order an evacuation of the notoriously flood-prone city ahead of Harvey’s arrival, even as overflowing reservoirs led several suburbs to move people out. Instead, Mayor Sylvester Turner remained resolute Tuesday … Source: Claims Journal

Houston’s population is growing quickly, but when Harvey hit last weekend there were far fewer homes and other properties in the area with flood insurance than just five years ago, according to an Associated Press investigation. The sharp, 9 percent … Source: Claims Journal

Houston’s system of bayous and reservoirs was built to drain a tabletop-flat city prone to heavy rains. But its Depression-era design is no match for the stresses brought by explosive development and ever-wetter storms. Nearly any city would be overwhelmed … Source: Claims Journal

Billionaire Warren Buffett says the storm damage in Texas is staggering, but he isn’t sure yet how much insurance companies will have to pay in claims. Buffett’s Berkshire Hathaway conglomerate owns Geico and several other insurers, so his company will … Source: Claims Journal