2016 Texas Hail Losses Surpass $5 Billion

2016 wind and hail loss information released last week by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion. Combined wind damage and hail losses to residential property also set a record at nearly $6 billion. “Last year’s hailstorms were relentless,” said Mark Hanna, a spokesperson for the Insurance Council of Texas. “We had 45 days of hailstorms occurring somewhere in Texas during the months of April and May. We also experienced the state’s costliest hailstorm ever in San Antonio. It was a rough year to say the least.” The costliest hailstorm last year was the April 12, 2016 storm in San Antonio and Bexar County that resulted in $1.4 billion in insured losses.