Asphalt shingles can only withstand 110 mph winds, while older and degraded shingles may be impacted by 50 mph winds.
While lightning-related claims volume has fallen since 2017, the average cost has grown 100%, Triple-I reports.
A recent Hi Marley study found the highest performing claims adjusters respond to 80% of their cases in under 3.5 hours.
Sponsored by Vertafore
Is selling more insurance enough to grow your business? Watch this video and learn how you can bring organization, analytics, automation and transparency to your service department in order to maximize efficiency and create a more profitable agency in 2022 and beyond.
Sponsored by WNS
A global survey correlates higher data and analytics maturity with improved business performance and resilience. Download the research paper to learn eight key data and analytics trends in the insurance industry and how to improve your results.
Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!
- Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
- Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
- Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events
Copyright © 2022 ALM Global, LLC. All Rights Reserved.