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Texas Insured Losses From Storm Hermine Could Reach $100M; Igor Moves Across Atlantic

Insured losses from Tropical Storm Hermine and the tornadoes generated from it could approach $100 million in Texas as claims continue to mount, according to the Insurance Council of Texas.

By Chad Hemenway | Updated on September 09, 2010

NU Online News Service, Sept. 10, 12:16 p.m. EDT

Insured losses from Tropical Storm Hermine and the tornadoes generated from it could approach $100 million in Texas as claims continue to mount, according to the Insurance Council of Texas.

Mark Hanna, spokesman for the state’s largest trade association, said the estimate was derived from looking at the experience of State Farm, the state’s largest insurer of homeowners with nearly a third of the market.

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