CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023

February 22, 2024

Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according to a new report by CoreLogic.

The 2024 Severe Convective Storm Report details how severe thunderstorm risk is growing in the U.S. It also highlights the historic severe convective storm activity, also known as severe thunderstorm, seen in 2023.

In the aggregate, severe convective storms generated insured losses on par with a single major hurricane.

The report shows the main driver of insured losses was hail. In 2023, large hailstorms were more common in Texas, the Southeast and the Plains, with multiple metropolises impacted, including Dallas-Fort Worth and Austin, Texas; Minneapolis, Minnesota; and Denver and Colorado Springs, Colorado.

The report calls out one specific, highly damaging week of severe thunderstorm activity: June 11 – 16, 2023. During this week, large hail and strong straight-line winds affected the Dallas-Fort Worth area.

Hail stones greater than four inches in diameter were recorded in Denton County, Texas.

Following this storm, CoreLogic estimated that straight-line winds and hail from this week generated $6.1 billion insured wind and hail losses in Texas, and between $7 and $10 billion in insured losses nationwide.

The report discusses additional factors to the increasing insured losses from severe convective storms, including migration and inflation, among others.