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Are Hurricane Insurance Claim Proceeds Taxed?
Nov 12, 2020
Arnold & Itkin LLP
Taxes are never fun. When a natural disaster is added to the mix, it can make them even more stressful than usual for those looking to recover from hurricane damage. If you’ve received compensation from an insurance policy for damage caused by a hurricane, you might be wondering if you need to set aside some of that money for tax purposes. Under ...
Hurricane Delta Hits Louisiana, Leaves Trail of Destruction
Arnold & Itkin LLP
Oct
12
2020
On October 10, 2020, Hurricane Delta made landfall in Louisiana. The storm tied a record as the fourth named storm of 2020 to reach the state. It also ...
We’re Running Out of Names for Hurricanes in 2020
Arnold & Itkin LLP
Sep
22
2020
Earlier this year, we reported that experts were predicting that 2020 would be a prolific year for hurricanes. As we approach the peak of the year’s ...
Court Blocks State from Managing Houston Hurricane Harvey Funds
Arnold & Itkin LLP
Aug
26
2020
A Travis County judge has prevented the state of Texas from taking over the dispersal of Hurricane Harvey recovery funds. Judge Tim Sulak blocked the ...
Severe Hurricane Season Might Arrive in 2020
Arnold & Itkin LLP
Jun
16
2020
According to experts, the United States might face an “above average” hurricane season. As many residents along the nation’s coasts know, June marks ...
State Takes Over Hurricane Harvey Funds
Arnold & Itkin LLP
May
15
2020
Late last year, we reported that the state of Texas was considering taking over Houston’s Hurricane Harvey relief program. The state’s possible ...
What You Should Know About Flood Insurance
Arnold & Itkin LLP
Apr
15
2020
When Hurricane Harvey struck Houston, reporters noted that it was hitting an area where about 80 percent of residents lacked flood insurance. The ...
Resources Made for Hurricane Harvey Are Now Being Used for Coronavirus Response
Arnold & Itkin LLP
Mar
23
2020
When Hurricane Harvey brought record-breaking rainfall and floods to the Houston area, few people believed that it would help them prepare to fight a ...
Program Offers $100,000,000 to Businesses Affected by Hurricane Harvey
Arnold & Itkin LLP
Feb
14
2020
Homes weren’t the only things damaged during Hurricane Harvey. Since the massive storm made landfall over two years ago, some small businesses have ...
How Much Damage Did Hurricane Harvey Cause?
Arnold & Itkin LLP
Jan
22
2020
Over two years after Hurricane Harvey barraged Houston and the surrounding areas with wind, rain, and floods, the cleanup is still in progress. By ...