Texas Winter Storm 2024 Cost Per Month. Texas experiences two to three such cold waves annually and the nri estimates it costs north texas $7 million in losses annually. The winter storm that left dozens of texans dead, millions without power and nearly 15 million with water issues could be the costliest disaster in state history,.
North texas counties experience the highest risk for hail events in all of texas, registering about nine hailstorms per year that lead to more than $340 million in losses annually. Brutal winter weather in february 2021 caused the state’s electricity grid to fail, with millions of people losing power for days.