The right data enables insurers to better approach hail risk with reliable underwriting and pricing, a well-calibrated risk appetite and a solid grasp of portfolio-level exposure. (National Severe Storms Laboratory Collection/Wikipedia Commons)
Severe thunderstorms and associated hail have caused more than half of annual reported insured losses since 1985, according to The Verisk Severe Thunderstorm Model for the United States.
A large outbreak can cost insurers $25 million or more, but even smaller events in succession can add up for an insurer with concentrated exposure in affected areas.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
