Catastrophe risk specialist RMS says the insurance bill for damage from Hurricane Dolly, which hit Southwest Texas on July 23, may go as high as $750 million.  The category 2 storm barreled into South Texas lashing the coast with winds up to 100 mph and dumping heavy rain. Dolly caused extensive damage throughout south Texas but spared levees along the heavily populated Rio Grande Valley, including Brownsville. The brunt of the hurricane hit a sparsely populated part of Texas about 25 miles north of South Padre Island.

Dolly Damage Could Reach $750 Million (Insurance Journal 7/28/08)

July 29, 2008