Hailstorms in the area caused damage that could lead to massive payouts from insurers. The Southwestern Insurance Information Service (SIIS) has released its latest insurance news which has indicated that the covered losses following the tremendous hailstorms that hit the area of Dallas, Texas, could cost as much as $2 billion. This estimate is based on the claims volume that has already been filed with insurers. The SIIS is a trade group which represents the Oklahoma and Texas property insurers. It has stated that this most recent storm has been…
Read MoreDallas insurance news shows insured storm losses may reach $2 billion
