The right data enables insurers to better approach hail risk with reliable underwriting and pricing, a well-calibrated risk appetite and a solid grasp of portfolio-level exposure. (National Severe Storms Laboratory Collection/Wikipedia Commons) The right data enables insurers to better approach hail risk with reliable underwriting and pricing, a well-calibrated risk appetite and a solid grasp of portfolio-level exposure. (National Severe Storms Laboratory Collection/Wikipedia Commons)

Severe thunderstorms and associated hail have caused more than half of annual reported insured losses since 1985, according to The Verisk Severe Thunderstorm Model for the United States.

A large outbreak can cost insurers $25 million or more, but even smaller events in succession can add up for an insurer with concentrated exposure in affected areas.

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