HOUSTON — Cross Insurance has canceled more than 300,00 insurance policies nationwide due to Harvey coverage gaps, the insurer said Friday.
The Houston-based insurer said it expects more than 200,000 to go through the process in the next week, and more than 400,000 in 2018.
Cross said it has decided to cancel some policies that are on the market but that it will keep them in place until a more permanent solution is found.
The insurer said some of the policies are for people who will be on the waitlist for state unemployment benefits.
More than $40 billion in federal aid has been provided to help flood victims.
More than 30 percent of those on the state’s unemployment insurance program were eligible for state benefits through the end of September, according to the Federal Emergency Management Agency.
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Texas Governor Greg Abbott declared a state of emergency and declared a national disaster in Texas and all of the nation’s 50 states, along with the District of Columbia, in September, when Harvey made landfall in Texas.
Abbott said the state would be prepared to meet any additional emergencies.