Lightning claim costs continue to increase, causing nearly $1 billion in insured losses
Wednesday, June 25th, 2008 PropertyThey say that lightning never strikes in the same place twice, but for insurers, it strikes hundreds of thousands of times annually, causing millions of dollars in damages. In fact, the cost of homeowners claims for damage due to lightning strikes has increased dramatically—up 28 percent over the last four years, according to the Insurance Information Institute (I.I.I.).
External References & Further Reading
http://www.iii.org/media/updates/press.790572/
