For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close during the storm. Many of these businesses also sustained property damage from pipe bursts and resulting water discharge. The property insurance claims have already started to come in. Some believe the storm will be the largest insurance event in Texas history.
Todd Tippett and David Winter, of the Dallas office of Zelle, wrote an article that addresses some of the issues expected to arise in considering whether commercial property insurance policies will provide coverage for Texas freeze claims. Click here to read Commercial Property Insurance Coverage for Texas Winter Freeze Losses.