NU Online News Service, Sept. 13, 11:25 a.m.EDT

|

As a beleaguered Texas continues to battle new outbreaks ofwildfires across the state, the Insurance Council of Texas sayslosses could reach a quarter-billion dollars as home losses rise toclose to 2,000.

|

Mark Hanna of the Insurance Council of Texas says in a statementthat insured losses from the fires in Bastrop County, Texas, thehardest hit, could cost the industry $150 million alone.

|

“This is our first estimate of the total insured losses and thenumber could vary as more information come in,” says Hanna.

|

The Texas Forest Service says the fires have now claimed 1,939 homes incentral and East Texas.

|

The service says that in the past seven days it has responded to127 fires covering 9,205 acres.

|

As of yesterday, 10 new fires broke-out covering 179 acres.

|

The Bastrop fire is only 60 percent contained and covers over34,000 acres.

|

Weather forecasts call for dry conditions to continue throughthe fall and the drought conditions, which are the worst indecades, are expected to get worse.

|

During a press conference last week, Texas Gov. Rick Perry says that thewildfires covered an area equal to the size of Connecticut, morethan 3.6 million acres.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.