Perhaps most troubling, the number of medical-related referrals in the workers' comp category, as well as vehicle
hail damage claims both showed a steep upswing.
Uptick in medical-related and vehicle hail damage referrals
"Insurance adjusters need an affordable, timely source for tracking
hail damage. Our highly refined algorithms produce incredibly detailed and accurate hail swath maps, and we are eager to show them off."
LiveHailReports.com introduces free hail swath map alerting service
Questionable claim referrals in the property category saw an increase of 15 percent from the previous year, with a notable percent change in
hail damage referrals.
NICB: suspicious claims rose in 3Q
If an insurer is pricing weather risk on a statewide basis rather than by smaller geographical areas, it may be "missing the mark in terms of the actual
hail damage. So, understanding where those gaps are and where you may be misaligning the pricing in terms of the actual risk on a by peril basis is going to be key to understanding the drivers of your profitability going forward," Hosfield said.
Dealing with It: Texas' Never Ending Hail Problem
Geography impacts where
hail damage will be most prevalent, with the Midwest region experiencing higher claims.
All hail, spring is here!
Because one of the characteristics of
hail damage is granule loss, some controversy arises from granule loss caused by other conditions.
Residential roof assessments: a guide to evaluating damage to asphalt composition shingles
Of the 45% of claims originally reported as
hail damage, only 33% had actual damage.
What causes the most HVAC systems claims? You might be surprised
One of the first projects the groups expect to undertake relates to reducing
hail damage to homes and businesses, a problem that costs more than a billion dollars each year.
National safety groups form partnership links
Those estimates undershot the average claim amounts for wind and
hail damage ($10,200) and for flood damage ($92,000).
It's Peak Hurricane Season But Homeowners Are Not Prepared
"Since 2008, we've had more than $10 billion in
hail damage every year.
Using facial recognition technology for hailstorms
Both cases involved
hail damage to properties insured by State Farm Lloyds.
In Review of Hail Claims Cases, Texas High Court Clarifies Bad Faith in Appraisal Process