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Texas Windstorm seeking $90M assessment after Harvey losses rise

Texas Windstorm Insurance Association plans to ask for approval from the state's insurance regulator to implement a $90 million assessment for losses due to Hurricane Harvey.

Harvey made landfall on Texas and Louisiana in August 2017.

This assessment would be added to the $282 million already assessed. It is based on an update to the association's ultimate loss estimate for Harvey, which rose to $1.7 billion from the prior estimate of $1.61 billion.