I'll never forget hearing about a violent hailstorm at Fort Collins, Colo., on July 30, 1979. With hailstones as large as a grapefuit, a three-month-old baby died of a fractured skull after being struck by hail while being carried by her mother, who was running with her to seek cover. Luckily, fatalities from hail storms are rare.

Property damage from hail storms, however, is the leading cause of severe thunderstorm losses, according to meteorologist Steve Bowen of Aon Benfield and The Weather Channel. Hail-related property damage can be as minimal as a few damaged shingles to total destruction of crops, homes, commercial buildings and vehicles. 

$1 billion storms on the rise

While hail loss claims decreased 21% from 2013 through 2015, according to a recently released ForeCAST report from the National Insurance Crime Bureau, the overall costs of hail-related claims in recent years have increased dramatically.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • 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.

© 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.