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

Industry unsure what impact CrowdStrike outage will have on cyber insurance market, poll suggests

Posted: Jul 26, 2024

According to a recent poll from Reinsurance News, the re/insurance industry appears to be unsure in...

USAA’s Wallace becomes Chief Audit Executive, Seybold takes over as CFO

Posted: Jul 26, 2024

USAA has announced that Jeff Wallace, the firm’s current Chief Financial Officer (CFO), will t...

Events like the CrowdStrike IT outage “are unlikely to reach catastrophic levels”: Coalition’s Motta

Posted: Jul 26, 2024

$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the Cro...