Insurers brace for more Texas hail losses

Insurers face the prospect of another round of hailstorm loses
after severe weather pummelled parts of Texas, Arkansas and
Oklahoma over the past weekend, with more forecast to come this
week.
Last year was a record for Texas hailstorm losses, with 500,000
hail claims filed by homeowners mounting to a burden for insurers
in excess of $4bn.
It also included the state's costliest ever hail event, with
$1.4bn of damage from a storm that hit San Antonio in April.
In...