Losses from hail in Colorado has been tallied at $60 million, up from figures announced earlier this week. An insurance group says hail that battered Pueblo and Colorado Springs last week did almost $60 million in damage, making it the state’s costliest hail storm in three years.
The storm struck Thursday with golf ball-size hailstones.
The Rocky Mountain Insurance Information Association says insurance companies expect claims from nearly 5,200 homeowners and 11,000 car owners.
It would be the most expensive storm since June 2004, when hail caused $146.5 million in damage. In 2007 dollars, that would be 156.3 million.
The state’s most expensive storm was in July 1990, when hail did $625 million in damage. Adjusted for inflation, the total is $964 million.
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
Woman Takes Honda to Small-Claims, Wins Big
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
