Property D&F market faces up to $100mn Uri claim from Texas schools fund
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Property D&F market faces up to $100mn Uri claim from Texas schools fund

Catrin Shi, 
Rachel Dalton
24 March 2021
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The property direct and facultative (D&F) market could pay a claim of as much as $100mn as a result of collective damage to Texan school properties arising from Storm Uri, this publication can reveal.

The risk management fund for the Texas Association of School Boards (TASB) provides coverage to the state’s schools and buys reinsurance through the global property D&F market.

Sources

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Topics

NewsCatastrophe losses
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Catrin Shi
Editor-in-chief, Insurance Insider
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Rachel Dalton
Lead Reporter
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