hail News
Hail, Convective Storms, Population Now Driving Billions in Losses — Is the Industry Prepared?
Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large ...
Swiss Re Corp Solutions Launches Parametric HAIL Cover
Swiss Re Corporate Solutions announced the launch of a parametric hail insurance cover last week. Known as HAIL, the new product is designed to protect companies in the United States from the ...
H1 Catastrophe Losses Are High, and Texas Endured Many of Them
Weather catastrophe activity slammed into 39 states during the 2016 first half. But in a six-month period where insured losses rose well above typical levels, Texas was by far the worst hit, ...
Amica, Tech Company Test Hail Weather Sensing Platform to Improve Claims Handling
Amica Insurance and Understory Inc., a weather data and analytics company, recently announced the development of a new weather sensor and data analysis network to test hyper accurate ground-level ...
Farmers Reports Steep Price Tag For Late June Storm Damage Claims
Farmers Insurance said it expects to receive nearly 7,000 claims from hail, strong wind and other severe weather events that hit 14 states in late June. The price tag won't be cheap. Farmers said it ...
Two Verisk Divisions Address Cyber and Hail Risks With New Products
Hail and cyber attacks are two of the bigger property/casualty risks, one long-standing and the other, a fast-evolving problem. Two Verisk Analytics subsidiaries have rolled out new products designed ...
Swiss Re to Pay $240M for German Hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240 million for Swiss Re, the company announced Monday. That figure is net of retrocession and ...
July Hailstorms in Germany Could Cost $2B: AIR Worldwide
Losses for the severe hailstorms that hit Germany in late July are estimated to be as high as $2 billion, making it one of the 10 costliest natural disasters in German history, according to ...