USA: Property & Casualty Insurers brace for wave of Texas deep-freeze claims

One of the biggest headline-grabbing natural disasters in recent memory is the cold snap that gripped Texas for the better part of a week, leaving millions without power, heat or water. This was certainly a trying time for the state and it will likely take months or more for the full scope of the disaster to be fully understood, even as dozens of deaths have already been reported.

An area that could be of particular concern for property and casualty insurers is just how costly the claims associated with the deep freeze will be in the weeks and months ahead. Dallas-Fort Worth CBS affiliate KTVT reported in the midst of the weather event that local experts were already projecting that this would be the costliest natural disaster in the Lone Star State’s history.

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