The Texas Department of Insurance (TDI) issued several bulletins in the last several days encouraging insurers to be lenient with their insureds.

The TDI recommends suspending any vacancy provisions in policies as people have been displaced temporarily. The suspension is recommended only if the insured is temporarily displaced due to the storm, and has not moved permanently prior to the storm.

According to the Insurance Council of Texas, evacuations of thousands of residents are continuing to occur along a 200-mile stretch from La Grange to Beaumont. 

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.

Agency Management
Agency Technology
Captives
Commercial Lines
Corporate Risk
E&S/Specialty
Loss Control
Personal Lines
Regulation/Legislation
Sales & Marketing