Severe hailstorm declared ‘claims catastrophe’

hailstorm claims

The hailstorm that swept through the Denver area and elsewhere in Colorado Monday was declared a “claims catastrophe” by insurers, good news for policyholders because doing so accelerates payment on storm-related damage claims. While claims were still rolling in, more than a dozen of the largest insurance companies that do business in Colorado had determined… Read more »

Case Study: Raising Hail After the Storm

BUSINESS: Childcare center EMPLOYEES: 35 THE CHALLENGE: A massive hailstorm in the summer of 2016 in Colorado Springs, Colo., resulted in tens of thousands of auto and homeowner insurance claims totaling more than $350 million. It was one of the most damaging such storms ever recorded. The insurance company agreed to cover $54,882 in damage… Read more »