Were Insurers Prepared For Harvey?

Hurricane Harvey was one of the most destructive storms in recent memory. It caused billions of dollars in damage and left thousands of people homeless. But as we begin to rebuild, one question remains: were insurers prepared for Harvey? In this blog post, we will take a look at the insurance industry and how it has been affected by Hurricane Harvey. We will also explore the role that insurers play in disaster relief and what they could have done better to prepare for such a catastrophic event.

The devastation of Hurricane Harvey

The devastation of Hurricane Harvey was widespread and catastrophic. More than 70 people were killed, hundreds of thousands were displaced, and billions of dollars in damage was done. The storm caused record-breaking flooding in Houston and the surrounding areas, and its impact was felt for weeks afterwards.

In the aftermath of the storm, insurers were quick to assess the damage and begin processing claims. However, it quickly became clear that they were not prepared for the magnitude of the disaster. The vast majority of policies did not cover flood damage, leaving homeowners and businesses without any recourse.

As a result, many people were forced to rebuild their homes and businesses out-of-pocket. This put an incredible strain on already-tight budgets, and left many people struggling to get back on their feet.

It will take years for the Houston area to fully recover from Hurricane Harvey. In the meantime, insurers must do better to prepare for future storms of this magnitude.

How did insurance companies fare?

Insurance companies have been largely successful in handling the volume of claims related to Hurricane Harvey. The vast majority of customers who have filed claims have had them processed and paid out in a timely manner.

There have been some issues with delays in payments, but these have been relatively minor compared to the overall success of the insurance companies in handling this natural disaster.

One of the biggest challenges for insurance companies has been dealing with the massive amount of flooding that occurred in Houston and other parts of Texas. Many homes and businesses were completely submerged, which made it difficult to assess the damage and process claims.

Overall, insurance companies have done a good job in handling the claims related to Hurricane Harvey. They have been able to successfully process most claims and get payments out to policyholders in a timely manner. There are still some challenges that need to be addressed, but overall, insurers fared well in the aftermath of this historic storm.

Why were some insurers prepared and others not?

As Hurricane Harvey barreled towards the Texas coastline, some insurers were better prepared than others. Some had invested in sophisticated modeling tools that helped them predict which areas would be most at risk. Others had placed their bets on historical data, which turned out to be woefully inadequate in the face of such an unprecedented storm.

The bottom line is that insurers who were better prepared for Harvey tended to be the ones who had invested more heavily in cutting-edge technology. These tools allowed them to more accurately assess risk and take steps to mitigate losses. As a result, they were able to better protect their policyholders – and themselves – from the devastating effects of the storm.

The future of insurance in the face of climate change

As the world becomes increasingly aware of the effects of climate change, the insurance industry is coming under scrutiny for its role in both causing and protecting against climate-related risks. There is a growing movement to hold insurers accountable for their contribution to greenhouse gas emissions and their failure to adequately prepare for and protect against climate-related risks.

The insurance industry has been slow to respond to the threat of climate change, but as the impacts of climate change become more severe and costly, insurers are starting to take notice. The cost of natural disasters is rising, and insurers are starting to pay out more in claims. This is likely to continue as the frequency and severity of weather events increases.

There is a growing recognition that the insurance industry must do more to address climate change. Insurers are beginning to take steps to reduce their own emissions and increase their resilience to climate-related risks. But much more needs to be done.

The future of insurance will be shaped by how well the industry adapts to the changing reality of climate change. If insurers fail to adequately prepare for and protect against climate-related risks, they will face increasing criticism and financial losses. But if they rise to the challenge, they can play a vital role in mitigating the effects of climate change and helping society adapt to a new normal.


As Hurricane Harvey continues to wreak havoc across Texas, it’s still too early to say definitively whether or not insurers were prepared for the storm. However, given the amount of damage that has already been done, it’s clear that there will be a significant financial impact for both insurance companies and policyholders. If you have been affected by the hurricane, be sure to contact your insurer as soon as possible to discuss your options and begin the claims process.