"To Hail With This Weather!"

Claims Journal Article, "The Emerging Hail Risk:  What The Hail Is Going On?"

Recently there was an article discussing the increase in claims for hail related losses in Texas. It stated that hail claims have dramatically increased over the past few years. That statement in the article is true. According to The National Insurance Crime Bureau (NICB) insurance claims resulting from hailstorm damage increased 84% in 2012 from their 2010 level. In 2010, there were 467,602 hail damage claims filed. That number increased to 689,267 in 2011 & to 861,597 in 2012 – an overall increase of 84% from 2010 to 2012. Over 2 million hail damage claims were processed from January 1, 2010 to December 31, 2012. During this...