Hail-Related Claims For Vehicles Cost Insurers Billions

 Monday, June 13, 2016

 IIHS HLDI

The spring and summertime forecast is a familiar one — severe thunderstorms with damaging winds and hail are on the way. Already in 2016, Texas in particular has been walloped by bigger-than-baseball-size hail that shattered windows, busted roofs and dinged vehicles in March and April. An updated analysis by the Highway Loss Data Institute (HLDI) of insurance losses to vehicles shows that 2011 and 2014 were the costliest years for hail-related claims in the U.S. during the 2008-14 study period, and losses were concentrated in the country’s midsection.
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