FM Global and others identify increasing hail damage costs since 2008

HAIL DAMAGE COSTS in the United States have elevated significantly since 2008. / BLOOMBERG NEWS
HAIL DAMAGE COSTS in the United States have elevated significantly since 2008. / BLOOMBERG NEWS
BOSTON – In 2008, the year the stock market crashed and Barack Obama won the presidency, the United States was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail and severe thunderstorms breached $19 billion in inflation-adjusted dollars that year, far exceeding the $8 billion to…

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