Storms during April and May in Texas caused more than $1.5 billion in property losses, according to the Insurance Council of Texas.
ICT spokesman Mark Hanna says paid residential property losses in April and May were close to $900 million from 114,000 claims. The same months last year had about 72,000 claims and $650 million in paid losses.
ICT officials say, with 95 percent of the claims settled, Texas flood losses to homes and businesses topped $400 million. Texas insurers say losses from vehicles in floodwaters added $300 million.
Topics Trends Texas Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 From This Issue
