Flash flooding in Texas last weekend is estimated to have caused $18 billion to $22 billion in total damage and economic loss, according to AccuWeather.
“The damage, impacts on future tourism, cost of search and recovery efforts, extensive cleanup that will be needed, as well as insurance claims after this catastrophic flash flood, will have long-lasting economic impacts in the Hill Country region of Texas,” said Jonathan Porter, AccuWeather chief meteorologist, in a statement.
Texas has the most frequent severe weather events as well as the most expensive, accounting for 15% of the United States’ billion-dollar disasters in the last several decades, according to data from the National Oceanic and Atmospheric Administration.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
