Insured Losses from Dallas Hail Could Hit $2 Billion

Insured losses from the massive hailstorms that struck the Dallas area on Wednesday could reach as much as $2 billion, based on the volume of claims insurers have already received, the Southwestern Insurance Information Service (SIIS) said on Friday.

June 15, 2012

June 15 - Insured losses from the massive hailstorms that struck the Dallas area on Wednesday could reach as much as $2 billion, based on the volume of claims insurers have already received, the Southwestern Insurance Information Service (SIIS) said on Friday.

The SIIS, a trade group that speaks for property insurers in Texas and Oklahoma, said members have already classified the storm as catastrophic. (Reporting By Ben Berkowitz; editing by Jeffrey Benkoe)