24 October 2014

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Dallas storms could cost $2bn

15 June 2012

The growing catastrophe bill this year from US storms could be set to expand by another $2bn following the recent hailstorms which struck the Dallas area this week.

According to local trade body the Southwestern Insurance Information Service, insured losses as a result of the hailstorms on 13 June the Dallas area are expected to cost in the $1.5bn-$2.5bn range, based on the volume of claims already filed.

The potential bill is the latest in a series of anticipated punishing...


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