Texas Led Nation in Catastrophic Losses in 2015

January 26, 2016

Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses well over $3 billion, according to an insurer trade group

The state had over three times as many claims and almost three times the dollar amount in losses as the next highest ranked states, the Insurance Council of Texas reported.

The numbers don’t include flood losses, which were in the hundreds of millions of dollars, according to Mark Hanna, a spokesman for the ICT.

The 2015 estimated insured losses were prepared by the Property Claim Services (PCS), which that monitors all states’ insured losses, including homeowner, commercial property and auto insurance, from catastrophic weather events.

Flood losses are provided by the National Flood Insurance Program, which is under FEMA.

PCS lists a catastrophic weather event as any storm that causes in excess of $25 million in insured losses. Texas had 16 catastrophic weather events last year.

Texas had $3.2 billion in estimated insured losses from catastrophic weather events last year compared to the next highest state, California, with $1.2 billion.

Other high ranking states include Massachusetts with $1.1 billion, followed by Illinois, Oklahoma and Colorado (see chart).

Texas had 466,250 claims from catastrophic weather events as compared to the next highest state, Massachusetts, which had 139,750 claims.

Other high ranking states include Illinois, Oklahoma and Colorado.

State Estimated Insured Loss 2015 Number of claims
TX $3,238,170,000.00 466,250
CA $1,226,240,000.00 9,950
MA $1,139,394,000.00 139,750
IL $950,322,000.00 127,550
OK $931,080,000.00 106,450
CO $740,971,000.00 106,200

Source: Insurance Council of Texas

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Latest Comments

  • January 26, 2016 at 11:47 pm
    boonedoggle says:
    Looks like good data actuaries can use to promulgate adequate rates. Sounds like good news for commissioned producers. More income yield per policy.
  • January 26, 2016 at 2:11 pm
    joe says:
    Planet, get your facts straight. Texas is not the middle east of the United States. There are no Muslims in Texas. Or homosexuals. Or non-whites. Or transgenders. Or cat... read more
  • January 26, 2016 at 2:04 pm
    Captain Planet says:
    All these acts of God, He sure is awfully upset with how backwards the Middle East of the United States is.
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