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The storm was the earliest named E storm, forming nearly six weeks earlier than average. -
The loss was subject to claims inflation due to building supply and labour challenges.
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A spell of tornadoes, rain and hailstorms across the continent drove the loss activity.
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The Mexican state oil company has been a source of major claims in the past.
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There has been an uptick of event cancellation business flowing from the US, which is attracting rate rises of around 50%.
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Miami-Dade Circuit Judge Michael Hanzman warned of an "allocation issue" between those who have lost loved ones, and those "lucky enough" to have only lost property.
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Despite the quake, 2021 has been a benign year for cats so far, the data compiler said.
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The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline.
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Sources raised concerns about a consistent trend in claims inflation and the long-term prospects of profitability.
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The figure was significantly down on the prior month’s $544mn, and also came in 39% below the year-ago loss tally.
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It estimated that 2021 natural peril claims would be significantly more than its allowance.
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There have already been 6,500 claims from the flooding but it is too early to assess the cost of damage.
