Lightning Striking Again and Again: New I.I.I. Study Finds Increase in Lightning Claim Costs

Monday, June 25th, 2007 Property

They say that lightning never strikes in the same place twice, but for insurers, it strikes over 250,000 times per year, causing hundreds of millions of dollars in damages. In fact, the total cost of homeowners claims for damage due to lightning strikes has increased dramatically—up 20 percent over the last three years,

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