Cool if meat on the bones and not just fluff. Side note - a Governor can force a business to do all of that with an executive order? Kind of scary tbh. And Abbott wants to run 50 more terms and possibly secede if a Dem gets elected president again (presumably any time during his eventual 50 year reign as Gov).
I just got power last night at 6....................that was the longest I have been without power. Homey aint playin that **** again, I am getting a generator and window ac unit
I was in a nested zone and finally got power restored at 645 pm yesterday as well. I should have never lost it, about 20 homes in my neighborhood lost power last Monday around noon and only because the transformer in my neighbor's yard exploded when her tree fell onto it. I got a 7K watt generator, had a transfer switch installed for $350 and ran a quick connect into my gas line for $400 that same week. Had to eventually get a $400 AC soft start as well. EIGHT freaking days without power is ridiculous.
Will any of the investigations, lawsuits, or backlash against Centerpoint actually result in changes? It just feels like there will be news now but then everyone will forget in a month or so.
It's not a fallacy though. If a cat 2-5 had the same trajectory it'd **** worse. But yeah good article. I'm just butthurt still about pp-point
Outrage lasts a few weeks and the masses go back to their regular lives. this is for any company and brand.
and so it begins... The devastation of category 1 storm Hurricane Beryl continues to have its aftershocks in Texans' pockets. The Texas Windstorm Insurance Association (TWIA) said in a meeting this week that it anticipates draining half of its catastrophe reserve funds to cover windstorm damage payouts. The TWIA is an insurer of last resort for many Texans, giving policies only for wind and hail damage to customers who have been denied coverage in the public market. Chief Actuary Jim Murphy said that the agency expects to use about half of its over $450 million catastrophe fund to pay for the 16,000 claims it has already received. That figure could go up to 20,000 claims for an estimated more than $200 million in payouts. This year is already on track to be one of the most expensive in recent years, according to TWIA. The agency voted 5-1 to recommend a 10-percent premium hike from the Texas Department of Insurance for residential and commercial policyholders, according to a first report by AM Best. https://www.chron.com/news/houston-texas/article/beryl-houston-wind-storm-claims-19584125.php Read the whole thing
The price of homeowner's Insurance and flood insurance are skyrocketing and I am not so sure there is a solution. When I bought my house in 2019, HOI is $1,700/year and flood insurance (through NFIP) is $400/year. In 2024, my HOI is $4,200 and flood insurance is $900 per year. The flood insurance is also going to keep rising yearly until it reaches the new Flood Risk Rating 2.0's actual premium price of $2,300. I'm in 500 year flood plain, did not flood during Harvey or any other flood events nor have I made any HOI claims. Natural disasters just seem to happen more and more often now and insurance companies are covering themselves. Will there eventually be large swaths of uninhabitable/uninsurable zones in Texas and Florida?
It's unsustainable the way these insurance costs are rising. I've complained in other threads but I absolutely hate the property insurance industry. The relationship between insurance companies and their own insureds is an adversarial one now. It's crazy to think about it, you pay thousands and thousands of dollars for coverage and the party you pay immediately starts working against you the moment you need the very services you've been paying for. After Beryl one of the news stations brought in an expert to talk about "how to not get your claim denied." A hurricane jacked up houses and people have to be coached on how to get the insurance companies to do their damn job. It makes me sick.
