Homeowners Insurance Industry Overview
Changing weather patters and resulting claims are impacting homeowner premiums across the country.
Homeowner insurance claims due to wind and hail have quadrupled over the past six years, increasing the number of roofs being replaced and the cost of that replacement. Therefore, everyone's insurance costs continue to rise due to these extreme conditions.
Did you know?
-Since 2008, insured thunderstorm losses have totaled roughly $60 billion.
-Catastrophe losses were $7.7 billion in 2009.
-In 2011, a record number of $1 billion disasters caused more than $45 billion in total economic damage in the U.S.
-2012 alone saw $11.5 billion in losses.