We are marking the one-year anniversary of the states most expensive tornado outbreak. Most of the cost was created by an EF-3 tornado that slashed North Dallas on October 20, 2019.CatastrophePropertyLegislation & Regulation
The Insurance Council of Texas (ICT), just out with a new annual review, says just the losses that were insured in the October tornado outbreak are estimated at $2 billion.
To date, the Texas Department of Insurance (TDI) reports that $1.2 billion in claims has been paid. There have been 33,800 residential claims paid, totaling $932.5 million. There have been 780 paid commercial occurrences, totaling $243.2 million.
The ICT says the October 2019 storm system ranks as the costliest weather event in Texas history that wasnt a hurricane or tropical storm.
And North Texas tornados and hailstorms now account for half of the top ten most expensive weather events ever in this state, as noted in the linked report above.