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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment
NRG 79.93+0.4%Jul 12 4:00 PM EDT

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To: Doug R who wrote (5800)4/8/2024 3:54:15 PM
From: Doug R   of 6079
 
It's not "alarming if you expect it.

insurancenewsnet.com

"U.S. carriers urgently need new solutions to tackle this growing problem before rising losses drive them out of insuring at-risk properties altogether.

The scale of hailstorm losses is staggering
Severe convective storms is the collective name for severe thunderstorms, including heavy rainfall, strong winds, hail and tornadoes. Although these storms are closely associated with the Great Plains and Midwest, in reality, they occur all over the U.S. The damage they cause has also been rising at an alarming rate.

Since 2000, SCS insured losses have grown at a compound annual growth rate of 9.6%. To put this in context, that’s more than double the CAGR of global insured loss from all perils, which was 4.3% over the same period."
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