Heavy thunderstorm activity from June 11-15 caused $7 billion to $10 billion in insured losses, according to a report Monday from data and analytics firm CoreLogic Inc.
This loss estimate includes damage to residential, commercial and industrial properties, as well as cars, but excludes damage to infrastructure such as roads, utilities and government facilities.
Hail is estimated to account for 95% of the losses from this event, making it one of the largest hail losses in history.
The storms brought strong winds, record-breaking hail and tornadoes, causing “significant” property damage in several states, CoreLogic said. Wind speeds over 100 mph and hail larger than four inches in diameter were recorded in Denton County, Texas.
Sustained winds in excess of 60 mph may have affected more than 2.9 million single- and multi-family homes, particularly in Florida, Missouri and Georgia. Hail larger than an inch may have affected more than 1million homes, particularly in Texas, Arkansas and Oklahoma, CoreLogic data showed.