With more than 150,000 car insurance claims and 50,000 homeowners insurance claims estimated to be filed—the monster hailstorm that pounded Colorado’s Front Range on May 8th is on pace to be Colorado’s most expensive insured catastrophe. The Rocky Mountain Insurance …
The largest hailstone ever recorded in America spent close to an hour aloft in a cloud growing to the size of a small volleyball, then plunged to earth at more than 100 mph, struck the ground in South Dakota weighing …
New data from the latest Farmers Seasonal Smarts Digest reveals that 60 percent of all comprehensive hail claims occur between March and May. Drivers from California to Virginia, and everywhere in between, should be aware of the potential for hail …
A powerful storm system blew through a large swath of the nation’s midsection, spawning deadly tornadoes, blowing cars off roads and causing property damage, including from hail. Here are some hail facts, according to the National Weather Service: HOW IT …
With the aim of producing more accurate loss information as well as pinpointing emerging areas of exposure, models are being used to try and control the multi-billion dollar losses caused by hail. During a podcast interview with Claims Journal, Dr. …
A hail damage lawsuit referred to the Texas Department of Insurance on suspicion of fraud resulted in an indictment and subsequent restitution. In a recent Fraud File podcast interview, Steven Badger, a partner with Zelle LLP’s Dallas office, explained how …
The July 28 hailstorm that hit Colorado Springs was the sixth-most damaging event in Colorado history. The Gazette reports that according to an insurance industry trade group the storm earned $352.8 million in claims for damage to homes and vehicles. …
According to new data released by CoreLogic, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail storm damage. Estimated losses in Fort Worth, Plano, Wylie …
Though recent analysis of hail claims revealed a significant decline within the past couple of years, data compiled by Verisk A-PLUS property database indicates hail-related claims costs soared between 2008-2013. The National Insurance Crime Bureau released the most recent three-year …
It has been a busy week. Again, not surprisingly, my article last week entitled “The Emerging Hail Risk: What The Hail Is Still Going On and Getting Worse” generated a lot of discussion. Mostly positive (even Chip Merlin has nice …