Texas' insurance pool could be in for a major test if Hurricane Emily strikes the state's Gulf Coast, according to an insurance industry trade group.
The coastal area has three highly developed communities with the potential for significant losses, namely Galveston, Corpus Christi and Brownsville, said Mark Hanna, a spokesman for the Insurance Council of Texas, a state trade association.
This afternoon Tropical Storm Risk, a unit of Benfield, projecting 69 hours ahead for Emily, put the risk of hurricane winds hitting South Texas at no more than five percent, with a higher risk of 10 to 20 percent that the state would be touched by tropical storm winds.
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