HVRRF - U.S. Winter Storm Uri Insured Loss To Break Records May Reach Double-Digit Billions

• The ongoing winter storm event in the United States, named winter storm Uri, is thought likely to become the largest winter storm loss on record for the insurance and reinsurance industry.
• The Texas insurance regulator said it could have a bigger impact than hurricane Harvey.
• Whether this winter storm becomes Texas' largest insured loss event ever, beating Harvey, or the wider impacts across multiple states become a double-digit billion industry loss event, there are going to be ramifications for the insurance-linked securities market in the form of some claims through reinsurance and retrocession layers.

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