US EditionInsurance claims show thousands of people affected by Owensboro’s recent hailstorm
3 Articles
3 Articles
State Farm advises on reducing hail damage costs with proactive measures
In 2024, severe hailstorms led to significant property damage across the United States, resulting in State Farm disbursing over $3.8 billion for home repairs and more than $1.2 billion for auto repairs. As homeowners prepare for the upcoming spring and hailstorm season, State Farm emphasizes the importance of taking preventative measures to reduce potential damage.The top ten states with the highest hail claims costs in 2024 were Texas ($1.1 bil…
Increasing repair costs due to the congestion and climate change lead to higher contributions in residential building insurance. Insurers and owners face financial challenges that require new strategies. How does this development affect the insurance market? read more
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