Public Adjusters Insights

Thunderstorms -- including losses from damage caused by hail, wind and tornadoes -- have surpassed hurricanes as the costliest peril for the insurance industry in the U.S. over the past decade, said Steve Bowen, director and meteorologist of Aon Benfield's impact forecasting division. Fewer hurricanes have been making landfall, but thunderstorms have become increasingly damaging. "While the individual losses themselves may not be as costly as hurricanes, it's sort of death by a million paper cuts," Bowen said. "You get all of these events that add up." Every year since 2008, the insurance

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