NU Online News Service, July 21, 3:10 p.m.EDT
|Hail that struck parts of Colorado and southeastern Wyoming isexpected to cause about $164.8 million in insured losses, accordingto the Rocky Mountain Insurance Information Association(RMIIA).
|The RMIIA says the insured damage is primarily to cars and homesafter the hail “cut a swath through Colorado…accompanied bymonsoonal rainfall that flooded streets and property on a dailybasis” last week starting on July 13.
|Related: Denver Hail Causes Flight Cancellations, Business InterruptionClaims
|The association says there have been approximately 29,800 claimsfiled—17,200 auto claims and 12,600 homeowners' claims.
|Hail occurring on July 18 alone is expected to cause $120million from approximately 19,800 claims, according to theRMIIA.
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:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 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.
