The insurance industry is facing losses of some $2bn from the spate of tornadoes that tore through parts of Texas earlier this week, according to the Lone Star State’s industry trade association.
Tornadoes to cost Texan insurers $2bn
![Tornado Victims](https://assets.euromoneydigital.com/dims4/default/13ff641/2147483647/strip/true/crop/4368x2457+0+0/resize/840x473!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F8d%2Fa0%2F9eee2a03c64f858c040074c5353b%2Ftornado-damage.jpg)
The insurance industry is facing losses of some $2bn from the spate of tornadoes that tore through parts of Texas earlier this week, according to the Lone Star State’s industry trade association.