CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023
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 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.
The report discusses additional factors to the increasing insured losses from severe convective storms, including migration and inflation, among others.
- Insurers Face Business Interruption Claims After Global Tech Outage
- J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy
- The Problem(s) With Hail Claims – Part 3
- Lawsuit Filed in Case of Teen Who Died After Eating Spicy Chip as Part of Online Challenge
- U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red
- Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
- Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says
- Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims