In 2013, wind and hail losses comprise approximately 30% of the homeowners claims filed by insureds according to the Insurance Information Institute. The average loss was just over $7,700. A new ranking from CoreLogic could give insurers some insight as to where the greatest number of wind-related losses will occur.
The windy city rankings show that Jackson, Mississippi is the windiest city in the country. Rounding out the top five cities are Springfield, Mo.; Boston and Cambridge, Mass.; and Shreveport, La. Jackson had 153 separate wind events and a maximum wind speed of 99 mph. The analysis considered the total number of wind events, as well as the total force of wind gusts of 60 mph or more for wind events dating back to 2006. Based on these factors, wind data for 293 cites was analyzed.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
