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Lightning Losses Mount

The Insurance Information Institute (I.I.I.) determined that the cost of homeowners' claims for damages stemming from lightning strikes has increased by 28 percent over the last four years.

By Christina Bramlet | Updated on July 28, 2008

After analyzing homeowners’ insurance data, the Insurance Information Institute (I.I.I.) determined that the cost of homeowners’ claims for damages stemming from lightning strikes has increased by 28 percent over the last four years.

The non-profit agency found there were more than 177,000 lightning claims in 2007, causing $943 billion in insured losses. That means in terms of quantity, claims fell by nearly 36 percent from the 256,000 claims made in 2006.

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