Preliminary insured losses are $250 million from tornadoes in the North Texas region on May 15.

Mark Hanna with industry trade association the Insurance Council of Texas says the estimate will likely change since the storm affected a large areas–seven or eight counties–and insurers continue to count claims.

The estimate is based on the best information available, including types of reported dsmage, the average value of homes and an initial look at claims counts, Hanna says.

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