Loss Figures for North Texas Storm Revised to $100M
Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported.
Twenty thousand homes and nearly 30,000 automobiles were damaged by hail and high winds.
The original figure of $25 million was revised after initial reports quadrupled one week following the storm.
Mark Hanna, an ICT spokesman, said insurers currently are assessing the damage from a second round of storms that plowed through the state April 24.
Source: Insurance Council of Texas
Popular Today
- ‘Super Roofs’ Are Rewarding Insurers, Cat Bond Investors and Homeowners
- Judge Rules Bristol Myers Must Face $6.7B Lawsuit Over Delayed Cancer Drug
- State Farm Sued Over Policies Backed by Distressed Insurer PHL
- Thailand’s Record Floods Paralyze Key Hubs for Tech and Car Parts
Popular This Month