The Emerging Hail Risk: What The Hail™ Is Going On?
Claims JournalMay 2, 2014
Zelle Hofmann Dallas partner Steven Badger wrote an article titled, "The Emerging Hail Risk: What The Hail™ Is Going On?” that was published in the Spring 2014 issue of Claims Journal magazine.
The number of reported claims involving hail damage to residential and commercial roofing products has increased dramatically over the past few years. Some reports place the increase at almost double historical claim totals.
What is the cause of this significant increase? There is no disputing that in recent years there have been significant hail events in large metropolitan areas. But does this alone account for the near-double increase in claim filings? Plus, in addition to the increase in the number of claims, an abnormally high percentage of these claims are ending up disputed and ultimately in appraisal or litigation. In Texas, hundreds, literally hundreds, of lawsuits are being filed each week in Dallas, Tarrant, Potter, Hidalgo, and other counties involving alleged underpayment of hail related roof damage claims – far, far more than has ever previously been the case.
To read the article in full, please click here.
