Guidewire HazardHub released updated spring weather and climate risk assessments to help insurers and homeowners understand property vulnerabilities to tornadoes, hail, lightning, and flooding. HazardHub's analysis of NOAA data shows the U.S. experienced 1,796 tornadoes in 2024, the second-most active year on record. Tornadoes caused $1.37 billion in property damage nationwide in 2023.
Severe Convective Storms (SCS) led to a record $65 billion in insured losses in 2023, with hail as the primary culprit. HazardHub's Enhanced Hail Risk Score reveals 99.72% of U.S. housing units have at least some hail risk. Flooding remains the most costly natural disaster, with 90% of all natural disasters involving flooding. This data is accessible through Guidewire PolicyCenter, InsuranceNow, API integrations, and directly by consumers via freehomerisk.com.
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