COLORADO HAILSTORMS CAUSE MILLIONS OF DOLLARS IN DAMAGE:

A Colorado hailstorm left farmers and residents with damage amounting to millions of dollars, according to the Rocky Mountain Insurance Information Association. The insurance industry estimated that the hailstorms that battered communities from the Northeastern Plains down through Southern Colorado have so far resulted in more than 20,961 claims totaling $62.6 million in insured damage to cars and homes. This estimate is a tally from the storms that hit August 9, 10 and 11 and includes 11,708 auto claims and an additional 9,253 homeowner claims. This is an early estimate that may change as more of the claims the P/C industry expects continue to come in. With three-to-four inch hail being reported in concentrated areas that spanned from Pueblo to Fort Collins, insurance companies have been fanning out their catastrophe teams and have opened drive up claims centers to help with the settlement process. “Mother Nature took us on a wild ride this week in Colorado,” said Carole Walker, executive director of the Rocky Mountain Insurance Information Association. “In some ways, we have actually been lucky that these storms didn’t do a greater amount of damage. The areas that were hammered got hit hard, while other more densely populated, urban areas were spared from damaging hail.” The last large hailstorm to hit Colorado was June 8-9, when the metro Denver area suffered $146 million in damages to homes and cars. That was the fourth costliest hailstorm in Colorado’s history.

Topics Catastrophe Natural Disasters Colorado