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Insurance Group: Texas Hailstorm Caused Record $1.3B in Damages

The Insurance Council of Texas says hailstones as large as grapefruit caused estimated insured losses to motor vehicles of about $560 million.

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The New York Times reported that an insurance industry group is saying a hailstorm that hit the San Antonio area last week proved to be the costliest in Texas history, with damage estimated at nearly $1.4 billion.

The Insurance Council of Texas says hailstones as large as grapefruit caused estimated insured losses to motor vehicles of about $560 million. Damage to homes and businesses is expected to reach $800 million.

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