Insured Losses to Top $100 Million in Texas Hail Storm

April 26, 2006

The hailstorm that struck Central Texas on April 21 is expected to exceed $100 million in insured losses, according to the Insurance Council of Texas. Baseball-size hail pounded the city of San Marcos smashing vehicles at car dealerships and shopping malls.

An estimated 10,000 auto claims are expected as well as 7,000 homeowner and commercial property claims. A manager at Honda Classic in San Marcos said many of his 110 new vehicles on his lot would be declared total losses.

“Unfortunately, Central Texas is no stranger to hailstorms and it’s something we can expect during this time of the year,” said Mark Hanna, a spokesman for the Insurance Council of Texas. “We can be thankful no one was injured.”

Hanna said a hailstorm last year caused $100 million in insured losses in the Austin area. The state’s worst hailstorm struck the Dallas/Fort Worth area on May 5, 1995 causing $1 billion in damages.

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