Insured losses from May Texas storms to exceed $1bn: Gallagher Re

Share!

Reinsurance News - May 23, 2024

Following the deadly thunderstorms that hit Houston, Texas on May 16th, economic and insured losses are each anticipated to exceed $1 billion, with the potential for total losses to be even higher, according to Gallagher Re. The storms, which killed at least seven people, are said to have generated...

Read Full Article

Recommended Articles

Capgemini report finds physical AI expected to scale within five years despite deployment barriers

Posted: Apr 16, 2026

Capgemini Research Institute, the research division of the Capgemini, has published the report Physi...

Beazley plans new Marine War insurance consortium to expand market capacity

Posted: Apr 16, 2026

Beazley, a large specialist insurer, has announced plans to establish a new Marine War insurance con...

Marsh CEO Doyle ‘pleased’ with Guy Carpenter’s execution in Q1’26 in spite of headwinds

Posted: Apr 16, 2026

John Doyle, President and Chief Executive Officer (CEO) of global insurance and reinsurance broking...