To date, there have been more than 500,000 claims across the state.
"The scale of the loss here was huge. It was massive. That would be the situation for the insurance companies to take the massive legal action they've taken,” said Ware. "If they paid a deductible to repair, replace or fix anything, any damage done to their house, they may get that. Depending on the settlement, they may get a portion of that or all of that deductible back. So, this is a positive for insurance customers and the citizens of Texas,” said Communications Director Rich Johnson.Last week, it announced its generators were ready for winter weather after completing on-site winterization inspections now that the state requires facilities to prepare.
You mean like StateFarm who I’m still fighting with over repairs I need to my house? ONE YEAR LATER? Yeah, let’s “recoup costs” for those guys. (The level of profanity that flew out of my mouth when I heard this news would have made my Navy vet dad blush.)
All of the wonderful loopholes GovAbbott created for energy companies has not improved the grid. This week it almost failed again with a few days of cold we got. Hope the insurance companies win and it cause ERCOT_ISO to make actual changes.
At least someone is doing something to kick these guys in the butt
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