Hail Claims Up 84% on More Frequent, Severe Storms

Insurance claims stemming from hail-related damage have increased markedly in the past two years…To put things into perspective, 467,602 hail damage claims were filed in 2010, followed by 689,267 in 2011, and then 861,597 in 2012.

One of the most dramatic takeaways is the sheer volume of claims processed by NICB’s member companies. In fact, more than 2 million hail damage claims were processed from January 1, 2010 to December 31, 2012.  Two states in MIAA’s Region, KS and MO topped the list with 126,490 claims in KS and 138,857 claims in MO (2010-2012). MORE…. 

By Christina Bramlet, PropertyCasualty360.com