Texas winter storm loss fears calmed after early reporting
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Texas winter storm loss fears calmed after early reporting

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Photo: PA

There is growing optimism amongst (re)insurers that the Texas winter storm loss last month will cost less than $15bn, pointing towards a loss at the lower end of initial $10bn-$20bn expectations.

These figures are in line with the early reports from major insurers in the state, although some expect that potential mould damage could complicate claims settlement.

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