Commenting the insurance recovery implications ahead of the two-year anniversary of Winter Storm Uri in Texas, Houston and Los Angeles-based Principal Michael Miguel noted that he would expect a fairly significant bump in premiums in the short term if ERCOT was found to be immune from lawsuits in a case currently in front of the Texas Supreme Court. He added that his main takeaway from the allegations being made against ERCOT is that brokers and insurers are going to be “a lot more proactive in looking at how their policyholders are prepared for and equipped to deal with these kinds of things." Click here to read the full article.
