DALLAS (TNS) — The deep freeze and snowfall that paralyzed Texas this week could be the costliest weather event in state history as home and auto claims start to pour in, insurance industry officials warn.
Ice, snow and some of the coldest temperatures in decades will likely result in large insurance claims from customers in every part of the state after the winter storm prompted a precedent-setting weather warning in all 254 counties.
“We are used to our storms here in Texas with tornadoes, hurricanes and hail,” said Camille Garcia, communications director with the Insurance Council of Texas, a trade group for the state’s home, auto, renters and business insurance agents. “But those are regional. We are talking about an event that reached every part of Texas.”