For the full experience visit: Giant Hail Is the Weather Threat Keeping Insurers Up at Night
On May 9, hailstones the size of baseballs pummeled San Marcos and Johnson City, Texas, taking down power lines and cracking car windscreens.
Only weeks before, hail pounded a solar farm in the state, damaging many panels. And in mid-March, grapefruit-sized hail pelted down from the skies over Kansas, Oklahoma and Missouri, leading to damages on the ground exceeding $4 billion.
For insurers, the first half of 2024 has underscored the growing threat posed by hail, which accounts for more and more of ...