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September 24, 2007

Colo. hail damage estimated at $60 million

Losses from golf-ball-sized hail in Pueblo and Colorado Springs, Colo., in August has been tallied at $60 million, making it the state’s costliest hail storm in three years.

The Rocky Mountain Insurance Information Association said 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 most expensive storm was in July 1990, incurring $625 million in damage, or $964 million when adjusted for inflation.

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Insurance Journal West September 24, 2007
September 24, 2007
Insurance Journal West Magazine

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