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You are here: www.tdi.texas.gov . news . 2012 . news2012110

November 14, 2012

Hailstorms are the Costliest Peril in Texas

TDI to Host "War on Hail" Conference

Despite the great publicity often generated by hurricanes, hail storms are the most damaging weather events that Texans face annually. And, unlike hurricanes, hailstorms occur in every part of our state. Last year Texas had more severe hail events than any state in the country, causing $1.7 billion in insured losses statewide. Over half of the total losses paid by Texas property and casualty insurers over the last twelve years have been weather-related, with hail as the most costly peril. In fact, over this time period, hail losses exceeded those caused by hurricanes and tornados combined.

Total Paid Losses in Texas from 1999-2011 in million. Hail, 10.4 Million plus 20.2 million for wind and hail. Source: Texas Department of Insurance.

While we can't control when nature decides to send hail our way, there are a number of proactive steps that consumers can take to minimize property loss and help the insurance claim process go smoothly. The Texas Department of Insurance (TDI) maintains a Storm Resource Page on its website with specific tips for consumers:

Among the recommendations are to review what your home and auto policies cover, know your coverage limits, and consider impact resistant roofing materials if and when your roof needs to be replaced. Most insurance companies will offer a premium discount for hail-resistant roofs.

The War on Hail

TDI is sponsoring a one-day conference for insurance industry professionals to focus exclusively on the issue of hail in Texas. The "War on Hail" conference, the first of its kind, will take place on November 27, 2012 at the Irving Convention Center, and will bring together a unique panel of experts in severe weather prediction and protection, home construction techniques, and insurance underwriting. Texas Insurance Commissioner Eleanor Kitzman will facilitate the meeting and offer insights on hailstorm impacts from the insurance regulator's perspective.

Registration for the "War on Hail" conference is $150 and is available online at: http://www.tdi.texas.gov/commish/waronhail.html

Continuing education credit hours (6.5) will be approved by the TDI Licensing Division for insurance agents and adjusters.

For more information about the "War on Hail" symposium, call the Texas Department of Insurance at (512) 475-1775 or send e-mail to WarOnHail@tdi.texas.gov

For more information, contact:

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