The U.S. continues to experience severe weather events of escalating magnitude and frequency. As a result, damaging winds, tornadoes, and hail storms are impacting a larger swath of the nation, in turn driving up personal and commercial property claims, among other things.
During the past 2 years, hail-related damage claims jumped 84 percent, based on findings released today from the latest National Insurance Crime Bureau (NICB) ForeCAST report. When analyzing hail loss claims filed from January 1, 2010 through December 31, 2012, the NICB counted more than 2 million. When broken down by year, there were 467,602 hail damage claims filed in 2010, followed by 689,267 in 2011, and then 861,597 in 2012.
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