Texas Catastrophic Storms Cause $2.3 Billion Losses in 2012

 Tuesday, January 8, 2013

 Insurance Council of Texas

Texas recorded seven catastrophic weather events in 2012 that resulted in $2.3 billion in insured losses. The Dallas/Fort Worth area received the brunt of the damage from tornadoes and hail storms that occurred in April and June. The multiple tornadoes and hail that pounded the Dallas/Fort Worth area on April 3 totaled an estimated $775 million in insured losses, while the June 13 storm caused an estimated $890 million in insured losses in the area. The third costliest storm in Texas last year occurred in south Texas in McAllen, where estimated insured losses from wind and hail damage totaled $260 million.