Insurers struggling to cope with sheer volume of Uri claims: RPS
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Insurers struggling to cope with sheer volume of Uri claims: RPS

Bernard Goyder
April 15, 2021
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Texas brick snow winter storm.jpg

Insurers have been overwhelmed by the sheer volume of claims stemming from the unprecedented winter weather that struck states including Texas in February, according to a report from wholesale broker Risk Placement Services (RPS).

One carrier is dealing with 120,000 claims, while another is handling 50,000 claims, RPS said.

“Most of the damage for small commercial and residential insureds is water damage due to burst pipes,” said Ryan Pike, the wholesaler’s branch manager in...

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Bernard Goyder
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