"In an extreme 1-in-500-year SCS event, hail alone could generate roughly 80% of an estimated $71 billion in insured losses from all SCS perils, including tornadoes, straight-line winds and hail."
"Hail doesn't command the same headlines as hurricanes, floods or wildfires, but the data shows it has become one of the most financially destructive natural hazards facing the property market."
"Cotality attributes the growing financial impact of hail to both meteorological and exposure trends, as development and housing growth push more high-value properties into storm-prone regions."
"In 2025, the U.S. recorded 142 days with damaging hail, up from 135 days in 2024 and well above the 20-year average of 122 days."
Cotality's modeling indicates that hail is the leading cause of insured losses in severe convective storm scenarios, accounting for approximately 80% of $71 billion in potential losses during a 1-in-500-year event. Even less severe hailstorms can result in significant financial impacts, with losses nearing $30 billion. The increasing frequency of damaging hail events, now averaging 142 days per year, is attributed to both meteorological changes and housing development in storm-prone areas, leading to higher repair costs and insurance claims.
Read at www.housingwire.com
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