Texas hailstorm losses mount

The Insurance Council of Texas (ICT) estimates that industry
losses from hailstorms that struck the state in March and April
have now surpassed $3bn.
It said that three April hailstorms were set to cost more than
$2bn. Insured auto and homeowner losses have reached $1.9bn, with
commercial losses expected to push total insured claims well over
$2bn.
The first hailstorm, which struck the state on 12 April, became
the costliest such event in Texan history, and was followed by two...