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Hurricane Ike, which struck Galveston on Sept. 13, 2008, has proved to be the costliest weather catastrophe in Texas history by a large margin. The storm racked up nearly $12 billion in windstorm and flood insurance claims in the state.

Total windstorm claims in Texas resulting from Ike totaled $9.8 billion, according to ISO. Additionally, the National Flood Å˽ðÁ«´«Ã½Ó³»­ Program said Texans filed nearly 44,000 flood claims from Hurricane Ike costing $2.175 billion, placing the storm’s total insured losses just under the $12 billion mark.

The hurricane’s 16 foot storm surge destroyed homes and businesses on Bolivar Peninsula as well as communities surrounding Galveston Bay and all along the shoreline and inland from Orange to Freeport. More than half of Galveston Island was submerged from the rising water.

Most of the area’s coastal residents heeded National Weather Service (NWS)evacuation orders. The NWS said Hurricane Ike was directly attributable to 20 deaths, most of them from drowning.

The Texas Department of Å˽ðÁ«´«Ã½Ó³»­ reported Texans filed more than 800,000 windstorm claims from Hurricane Ike, including claims from Texas Windstorm Å˽ðÁ«´«Ã½Ó³»­ Association (TWIA) policyholders.

Sixteen months after the storm, TWIA is still receiving damage claims from the hurricane. TWIA is eventually expected to pay out $1.8 billion in Ike claims.

Texas wasn’t the only state heavily damaged by Hurricane Ike.

After blowing through Texas, the remnants of Ike reignited over the Midwest.

Louisiana reported $318 million in flood losses, while ten other states reported flood losses amounting to $137 million.

Hurricane-force winds in Ohio created insured losses in excess of $1 billion making it the costliest weather catastrophe in that state.

Prior to Hurricane Ike, Tropical Storm Allison had been the Texas’ costliest weather catastrophe. Allison caused $3.5 billion in insured losses, when it dumped more than two feet of rain on the city of Houston on June 8, 2001.

Hurricane Rita, which made landfall about 60 miles up the coastline on Sept. 24, 2005, caused $2.8 billion in insured losses in Texas and a similar dollar loss in Louisiana.

The volume of claims that poured in from Hurricane Ike was compounded by Hurricane Dolly that struck South Padre Island six weeks earlier causing wind and flood losses of $500 million.

Only one insurance company was unable to meet the financial demands from the 2008 hurricane claims and its insolvency was not totally attributable to the storms.

TWIA remained solvent by using all of its $470 million Catastrophe Reserve Trust Fund, $1.5 billion in reinsurance and assessing insurance companies $530 million to pay all of the hurricane claims.

Out of 800,000 Hurricane Ike claims, Texans filed 2,683 justified complaints with the Texas Department of Å˽ðÁ«´«Ã½Ó³»­ giving insurers a complaint ratio of .33 percent.

Source: The Å˽ðÁ«´«Ã½Ó³»­ Council of Texas,

Topics Catastrophe Natural Disasters Texas Claims Flood Hurricane