June Insured Losses from Severe Convective Storms Estimated at $5.5B

KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion.

Source: KCC | Published on June 22, 2023

Insured losses at $50 billion in US

Based on the high-resolution KCC SCS Reference Model, KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion.

The KCC loss estimate includes the privately insured damage to residential, commercial, and industrial properties and automobiles.

Event Highlights

  • A prolonged severe weather system that began on June 10th and persisted until June 19th resulted in over one thousand reports of hail and damaging wind gusts throughout the Central and Southern US.
  • Dozens of instances of softball-sized hail were reported across Texas, Arkansas, Mississippi, and Georgia and extreme wind gusts exceeding hurricane-force were measured throughout the South.
  • While hail and winds were the dominant features of this event, several damaging tornadoes also formed.
  • There have been 1,557 reports of hail, 93 reports of tornadoes, and 2,719 reports of damaging wind gusts from this event.
  • In all, 25 states were impacted.

Impacts

  • Texas experienced the most damage from this event, followed by Arkansas, Oklahoma, Mississippi, Louisiana, and Alabama.
  • The largest hail stone recorded from this event fell in Wheeler County, Texas on June 13th and measured 5.5 inches.
  • Of the, 1557 hail reports, more than 18% were severe.
  • Large hail in Mississippi and Arkansas came close to state records.
  • The Dallas Metroplex had severe hail from recurring supercell thunderstorm activity spanning a few days within this event, including several reports of softball-sized hail.
  • Over 40 hurricane-force wind gusts were reported across the South throughout the event.
  • Supercell thunderstorms organized into a mesoscale convective system and tracked across the state of Oklahoma that produced a 100 mph wind gust near Tulsa.
  • Two confirmed EF-3 tornadoes formed during the event, each of which tracked 7 miles and caused damage to homes and businesses – _one in Perryton, TX and a second in Louin, MS