How Will Insurers Respond To The Texas Floods?

Law360, New York (June 5, 2015, 11:53 AM EDT) -- May 2015 was a month of record rain for Texas. Meteorologists reported that in May alone, 37.3 trillion gallons of water fell in Texas — enough to cover the entire state with 8 inches of water.[1] The nonstop barrage has caused unprecedented flooding throughout the state — claiming 22 lives and causing severe property damage to countless homes and businesses. President Barack Obama has declared a major disaster.[2]...

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