Texan storm could break Q1 loss records, says AM Best

Texas was hit by freezing temperatures and snow last week. Credit: Shutterstock/Ruchithakur16

Winter storm Uri in Texas may drive the highest first-quarter property catastrophe insured loss on record, according to AM Best. Freezing temperatures and snow left residents without power and access to clean drinking water last week. AM Best said this is likely to cause a spike in insurance claims for commercial property, homeowners and motor lines. The ratings agency warned…

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