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A series of hailstorms that struck Texas last month could ultimately cause more than $1 billion in insured damage, according to the Insurance Council of Texas.
The Austin, Texas-based council said Tuesday that large hail and damaging winds that racked North Texas this week caused hundreds of millions of dollars in damage in cities north of Dallas.
The storm followed a March 16 hail storm that caused an estimated $600 million insured losses to property in Fort Worth and Arlington. The council noted that claims are still coming in from the March 23 hailstorm that may hit $700 million in losses.
“In each storm, more than 40,000 vehicles were damaged,” said the council. “Last night's hail storm was so destructive that many vehicles were totaled, and homes and apartment complexes were heavily damaged.”
The council said that according to the National Weather Service, Texas led all other states with 783 hail events last year and recorded a record 240 tornadoes.
Windstorm Mike-Niklas, which hit parts of Western and Central Europe in late March and early April last year, caused insured property losses of about €816 million ($911.3 million), Perils A.G. said Tuesday.