Mark Hanna

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  Tornadoes Rip Through North Texas, Causing Extensive Damage

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 16, 2013

  Tornadoes late May 15 in north-central Texas damaged multiple homes, killing six people and injuring 100.

• West Fertilizer Plant Explosion to Cause $100M in Insured Property Losses

  By Chad Hemenway  |  May 1, 2013

  THE MASSIVE Explosion at a West, Texas fertilizer plant has caused at least $100 million in insured losses to property. Mark Hanna, spokesman of the Insurance Council of Texas, tellsPC360 from the small rural town of about 2,800 that damages include “concussion-type losses.” That is, some homes look normal from...

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  West Fertilizer Plant Explosion to Cause $100M in Insured Property Losses

  By Chad Hemenway, PropertyCasualty360.com  |  April 23, 2013

  The massive explosion at a West, Texas fertilizer plant has caused at least $100 million in insured losses to property.

• Texas Hail Damage Could Cost Insurers $2 Billion

  By Chad Hemenway, PropertyCasualty360.com  |  June 26, 2012

  Deep dents and broken glass to vehicles following a massive hail storm in Dallas are contributing to hefty property losses.

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  Texas Hail Damage Could Cost Insurers Up to $2 Billion

  By Chad Hemenway, PropertyCasualty360.com  |  June 15, 2012

  Insurance companies may pay as much as $2 billion on claims from the deep dents and broken glass to vehicles following a massive hail storm in Dallas, according to the Southwestern Insurance Information Service.

• Texas Hail Storm Insured Losses Could Eclipse April Tornadoes

  By Chad Hemenway, PropertyCasualty360.com  |  June 15, 2012

  Insured losses from a Texas hail storm June 13 could be higher than the $400 million in losses estimated from early April tornadoes in the Dallas-Fort Worth area.

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  TDI Turning Up the Heat on Fraudsters

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2012

  The heat is getting turned up on fraudsters in Texas as the state’s Department of Insurance is backing the designation of a second county insurance fraud prosecutor and investigator with the aim of adding more in the future.

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  The Week in Quotes

  By Staff Writers  |  April 6, 2012

  Industry leaders comment on topics ranging from a series of tornadoes that struck the Dallas-Fort Worth area, to the Financial Stability Oversight Council approving its final rule on systemically significant non-bank financial institutions.

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  Insurers Face ‘A Ton of Work’ After Texas Tornadoes (Video)

  By Chad Hemenway, PropertyCasualty360.com  |  April 4, 2012

  The day after more than a dozen tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.

• Tornadoes Strike Dallas-Ft. Worth (With Video)

  By Mark E. Ruquet, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com  |  April 3, 2012

  A series of tornadoes is threatening the Dallas-Ft. Worth area with a report of at least one touching down in the Dallas area.

• Help Wanted in Restructuring 'Unsustainable' TWIA

  By Chad Hemenway, PropertyCasualty360.com  |  February 21, 2012

  Texas Insurance Commissioner Eleanor Kitzman is seeking an outside firm to look into restructuring what she calls an “unsustainable” last-resort insurer.

• Texas Slammed by Record Storms, Wildfires in 2011

  By Chad Hemenway, PropertyCasualty360.com  |  January 24, 2012

  Where rooftops weren’t pummeled by hail in Texas in 2011, damage from wildfires scorched homes and set records for damage.

• Insured-Loss Estimate for Largest Texas Wildfire Rises to $325M

  By Staff Writer  |  December 8, 2011

  The largest of Texas’ 2011 wildfires, the Bastrop fire, is now expected to cause $325 million in insured losses, up from previous estimates of $250 million, according to the Insurance Council of Texas.

• Insurers Report More Billion-Dollar Weather Losses As Disasters Continue

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  September 29, 2011

  U.S. insurers continue to release information on 2011 weather-related losses, with State Farm saying it has paid policyholders $5 billion so far during the year.

• Texas Wildfire Insured Loss Estimate Climbs; Could Hit $500M

  By Phil Gusman, PropertyCasualty360.com  |  September 27, 2011

  While it was thought earlier this month that Texas wildfires this year would cause insured losses of around $250 million, it is now estimated that losses could be twice that amount.

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  2011 Texas Wildfires—Slideshow

  By Staff Writer  |  September 22, 2011

  Recent wildfires in Texas are expected to cause nearly $250 million in insured losses, and losses as of now have already surpassed total-insured wildfire losses in the state from any prior year, according to the Insurance Council of Texas (ICT).