Insurance group: Texas hailstorm caused record $1.36B damage

AP News
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Posted: Apr 20, 2016 5:56 PM

SAN ANTONIO (AP) — An insurance industry group says 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.

Robert Crosby, executive director of Independent Insurance Agents of San Antonio, said uninsured losses were also expected to high.

The $1.36 billion damage estimate beats the $1.1 billion in damage caused by a hailstorm that hit Fort Worth on May 5, 1995.

No injuries were reported in storm that pummeled northern San Antonio and northwestern Bexar (BEAR) County the night of April 12.