Texas winter storm loss fears calmed after early reporting
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.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business