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Insured losses from Texas hailstorm expected to reach $400M

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Hailstorm Damange in Texas
Photo by AP Photo Customers with hail-damaged cars line outside the door at Caffey's Auto Glass on Friday, June 13, 2014, in Abilene, Texas.

A hailstorm that struck Abilene, Texas, on June 12 is expected to cause $400 million in insured losses, the Insurance Council of Texas said Friday.

The event was the second catastrophic hailstorm Abilene had suffered in the past three years, the Austin, Texas-based insurer trade group said in a statement.

The council said the storm moved directly south across Abilene, pounding the city's north side and downtown area with baseball-size hail. “Commercial buildings downtown received millions of dollars in damage to roofs, windows and structures,” the council said in the statement.

“Hundreds of vehicles, many of them new cars, were declared totaled from the beating they took,” said a council spokesman in the statement. “Insured losses just from the damaged cars and trucks in Abilene will exceed $100 million.”

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