Tropical Storm Allison, the costliest Atlantic tropical cyclone that was never a hurricane, made landfall in Texas, causing approximately $8.5 billion in damage.

Tropical Storm Allison was a tropical cyclone that devastated southeast Texas in June 2001. An arguable example of the "brown ocean effect", Allison lasted unusually long for a June storm, remaining tropical and subtropical for 16 days, most of which was when the storm was over land dumping torrential rainfall. The storm developed from a tropical wave in the northern Gulf of Mexico on June 4, and struck the upper Texas coast shortly thereafter. It drifted northward through the state, turned back to the south, and re-entered the Gulf of Mexico. The storm continued to the east-northeast, made landfall on Louisiana, then moved across the southeast United States and Mid-Atlantic. Allison was the first storm since Tropical Storm Frances in 1998 to strike the northern Texas coastline.

This is a list of the costliest Atlantic hurricanes, with US$1 billion (nominal) in property damage, broadly capturing the severity of the damage each tropical cyclone has caused. The list includes tropical storms, a tropical cyclone with a peak 1-minute maximum sustained wind in the range of 39–73 mph (63–118 km/h), placing them below the 74 mph (119 km/h) minimum needed to attain hurricane status.

Texas is the most populous state in the South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and an international border with the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest. Texas has a coastline on the Gulf of Mexico to the southeast. Covering 268,596 square miles (695,660 km²) and with over 31 million residents as of 2024, it is the second-largest state by area and population. Texas is nicknamed the Lone Star State for its former status as an independent country, the Republic of Texas.