Insured losses from Hurricane Hanna will be close to $ 350 million, said Boston-based disaster models Karen Clark & Co. in a statement Tuesday.
The estimate includes privately insured wind and storm damage to homes, commercial and industrial properties and cars, but does not include National Flood Insurance Program losses, KCC said.
Hanna made landfall as a Category 1 hurricane at 90 miles per hour at maximum sustained winds on Padre Island, Texas, on July 25, resulting in low levels of wind damage over southern Texas and low to moderate storm surges in coastal areas, KCC said. .
High wind speeds left more than 200,000 customers without power in southern Texas, while low to moderate levels of wind damage were maintained throughout the Rio Grande Valley, according to the KCC statement.
Damage to signs and light structures, such as gas stations and marinas, were relatively common, KCC said. Other types of damage included roof and side damage with rare cases of more serious structural damage.
Corpus Christi, Port Mansfield, and other coastal towns all experienced major flooding in residential and commercial buildings.
After the landfall, the storm traveled southwest and weakened rapidly due to interaction with mountain areas and on July 26 had weakened to a tropical storm as it passed into Mexico, the KCC said.
Hanna was the first hurricane and the fourth U.S. landing storm of the 2020 North Atlantic hurricane season.
Estimates were made using the KCC's High Resolution US Hurricane Reference Model.