Dallas Hailstorm Damage Estimates Could Reach $2B

An insurance trade organization says the hailstorm that pounded Dallas this week could result in up to $2 billion in insured losses.

Sandra Helin, president of Southwestern Insurance Information Service, said Friday that the estimate is preliminary and based on claims filed over the previous 36 hours. Helin added that “we are hopeful that the damage estimates fall short of what we are predicting.”

Helin said Wednesday’s storm was catastrophic due to a massive number of vehicles caught in the open during rush hour, the tens of thousands of homes that received roof and interior damage and the number of historic homes that were heavily damaged.