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US winter storm Uri set to inflict record-breaking, multi billion-dollar industry losses

February 19, 2021

Winter storm Uri, currently wreaking havoc across southern US states, looks set to become the largest on record for re/insurers, potentially surpassing the cost of 2017’s hurricane Harvey.

Storm Uri landed over the US’ President’s Day weekend bringing damaging ice in the Northwest and snow across the Midwest and Northeast.

Texas has shouldered the most damage, with millions living without electricity, water and heat.

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