Historic winter storm in Texas causes major economic loss

The winter storm that swept through the state of Texas causing historic cold spells and power outages were estimated by AccuWeather to have caused $155 billion in economic loss.

Video Transcript


GEOFF CORNISH: Hundreds of thousands of Texans are still under boil water advisories after a series of winter storms and some Arctic cold slammed the state and other parts of the South last month. Earlier today, our team at AccuWeather upgraded the total damage and economic losses to-- get this-- an estimated $155 billion, with a B, dollars, and that is with an estimated $130 billion in Texas alone. That's way more than the entire hurricane season last year. Our team originally estimated the damages to range between $50 and $60 billion. But as new information becomes available, tremendous numbers of insurance claims and so forth, many different impacts to the ag world as well-- the agricultural world.