It is said that hail cause an average of about $1 billion in damage to crops and property each year. If that's true, a recent hailstorm in North Texas is quickly approaching half that amount on its own.
The Insurance Council of Texas has already issued another update to a massive hailstorm that pelted the city of Amarillo with hail up to the size of baseballs on May 28. ICT says insured losses are expected to reach $400 million.
The new predicted insured-loss total is a quick jump from an earlier estimate of $200 million released about three days after the storm pounded Amarillo, Texas' fourteenth-largest city, in the state's Panhandle—within the same line as the recent string of severe weather affecting Oklahoma.
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