Insured losses from thunderstorms up to $10B: CoreLogic
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Severe thunderstorm activity from June 11-15 caused $7 billion to $10 billion in insured losses, according to a report Monday from data and analytics company CoreLogic Inc.
This loss estimate includes damage to residential, commercial, and industrial property, as well as automobiles, but excludes damage to infrastructure such as roads, utilities and governmental facilities.
Hail is estimated to make up 95% of losses from this event, making it one of the largest hail losses in history.
The storms brought straight-line winds, record-sized hail, and tornadoes, causing “substantial” damage to property across several states, CoreLogic said. Wind speeds in excess of 100 mph and hail greater than four inches in diameter were recorded in Denton County, Texas.
Straight-line winds in excess of 60 mph may have affected more than 2.9 million single-family and multifamily residential properties, particularly in Florida, Missouri and Georgia. Hail greater than one inch may have affected more than 1 million homes, particularly in Texas, Arkansas, and Oklahoma, CoreLogic data showed.
