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Update: Texas Department of Insurance Catastrophe Bulletins

09/13/2017

By: Rebecca Moore

Following our prior post regarding numerous Texas Department of Insurance bulletins of potential interest to property insurers, the TDI has issued two new bulletins in the last week. A link to the main bulletins home page is available here.

Bulletin B-0021-17 addresses situations in which an insured has suffered a flood loss that is not covered by their property insurance policy. When insurers are responding to flood inquiries and flood claims from their insureds, the TDI is encouraging those insurers to provide additional information to their insureds about potential assistance from the Federal Emergency Management Agency (FEMA).

Bulletin B-0022-17 involves the time limits imposed by the Texas Insurance Code on insurers responding to claims arising from Hurricane Harvey. The bulletin advises that TDI has issued an order determining that “the weather-related event that occurred August 25, 2017, through August 31, 2017” in more than fifty enumerated Texas counties “is a catastrophe for the purposes of claim processing.” As a result, claims resulting from Hurricane Harvey in those counties are subject to the additional time allowed for claims processing authorized by Texas Insurance Code § 542.059, which includes, among others, that in the event of a catastrophe, claims handling guidelines imposed on insurers are extended for an additional fifteen days.

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The content of this article is not intended to serve as an exhaustive review of the laws, statutes or issues related to insurance claims, and it is not intended to provide legal advice. The opinions expressed through this article may not reflect the opinions of the firm, individual attorneys or clients.

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